Articles by Mehul Goyal
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5 Benefits of a Letter of Credit for Small Export Businesses
Posted by Mehul Goyal
12 July 2023
1970 Views
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 assistance that is a loan.
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