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Iloc or ILOC may refer to: Indian Law and Order Commission, United States government body focusing on legal issues in Native American Indian communities; Initial Logistics Officers' Course, course for Supply Officer (Royal Navy) Interim Libor Oversight Committee, established by the British Bankers Association as a result of the Libor scandal
Image 1: After a contract is concluded between a buyer and a seller, the buyer's bank supplies a letter of credit to the seller. Image 2: The seller consigns the goods to a carrier in exchange for a bill of lading. Image 3: The seller provides the bill of lading to the bank in exchange for payment. The seller's bank then provides the bill to ...