Payment-Under-Letter-Of-Credit(PULOC)
A conditional undertaking by the bank, it states that upon the buyer's request, it will pay the designated seller upon receipt of documents pertinent to a good or service, of which the buyer's specifics are stated.
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Need a tool to handle Payment-Under-Letter-Of-Credit(PULOC) in your freight invoices? Transmate's invoicing and rate module can handle any charge. Save time now in invoice auditing with Transmate's invoice auditing tool!
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Handle Payment-Under-Letter-Of-Credit(PULOC) in Transmate's TMS and avoid suprises. Transmate's TMS lets you collaborate with your value chain partners, lets you launch spot rate requests or full freight tenders from the cloud.
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