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Explain What Are The Advantages Of A Lc To An Exporter?

Answer»

Advantages of Letter of CREDIT to an EXPORTER:

  1. Exporter is guaranteed payment UPON presentation of specified documents.
  2. It eliminates the risk of dealing with an unknown IMPORTER in a different country.
  3. It becomes easier for the exporter to SECURE pre order financing.
  4. Importer cannot refuse payment by raising a complaint about the goods.

Advantages of Letter of Credit to an Exporter:


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