All about flow chart of textiles

Flow Chart of L/C Opening in Garments Merchandising

Flow Chart of L/C Opening in Garments Merchandising
Noor Ahmed Raaz
Asst. Merchandiser
A.M.C.S Textile Ltd
Email: raju.uttara105@gmail.com



Letter of Credit (L/C):
L/C means Letter of Credit. It is the familiar word in apparel industry. L/C set up is the work of merchandising section in garment factory. A merchandiser should have clear concept on letter of credit. Letter of Credit (L/C) also known as Documentary Credit is a widely used term to make payment secure in domestic and international trade. So, L/C is very important in apparel merchandising. Novice garment merchandiser don’t know how to L/C open. Now, I am giving a flowchart of L/C opening.
Sample Letter of Credit
Sample Letter of Credit
Flow Chart of L/C Opening in Garments Merchandising

Requirement of material with specification

To inform about requirement to the head of the management

Management will search for the requirement

Various company response with those specification

The management will select some offers

Then discussion will held among two management

Management will sign the agreement with the selected company or agencies

Then negotiation will take place among management and agencies

Submission of the final PI

Bank will open L/C