Merchantcreditcorp19 Jun, 2021Business
Letter of credit is required by all importer sand exporters to mitigate the monetary risks involved in international trade. In international trade importers and exporters don?t know each other personally so there will always be a mutual lack of confidence and risk. Exporters wants to collect the money for delivering goods on the other hand importer wants to get the goods on time and in good condition as per the contract.
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