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this term is used mostly in India while establishing Letter of Credits (Documentary credits).

The payment is usually made after a specific number of days from the date of Bill of Lading / Airwaybill.

Eg : LC At 60 days : the usance period is 60 days from the date of bill of lading/airway bill.

Category Banking in India

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Should in a category about trading/payment terminology instead.--HKO2006 (talk) 14:36, 27 July 2016 (UTC)[reply]

India Education Program course assignment

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This article was the subject of an educational assignment supported by Wikipedia Ambassadors through the India Education Program.

The above message was substituted from {{IEP assignment}} by PrimeBOT (talk) on 20:03, 1 February 2023 (UTC)[reply]