5 Benefits of a Letter of Credit for Small Export Businesses

Mehul Goyal , Last updated: 12 July 2023  
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A letter of credit, also known as a credit letter is granted from the bank as a guarantee that the seller will receive the payment on promised time from the buyer. If the buyer fails to pay, the bank will be responsible to make the payment on behalf of the buyer. It may be processed as financial ass

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Published by

Mehul Goyal
(Business Manager)
Category Corporate Law   Report

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