Apparel Engineering

Letter of credit (LC)

by

A letter of credit (also known as documentary credit) is a document issued by a bank on behalf of an applicant (the buyer/customer) undertaking to make payment to a beneficiary (the seller/vendor) up to a stated amount of money, within a prescribed time limit and against stipulated documents. There are usually two banks involved in …

Read more

Customer, Consumer, Vendor

by

Customer: Customer or buyer is the party who places the garment orders through the PO mentioning the order detail like garment quantity, colour, sizes, trims & accessories, packing, shipment, and prices etc. to the manufacturer. Customer usually orders for those items which have market demand and they can assure it by conducting a survey in …

Read more

+ More