Things To Keep In Mind While Choosing a Letter Of Credit

What Is A Letter Of Credit?

A letter of credit is a legal, written document that guarantees the buyer’s timely & full-fledged payment to the sellers. The buyer’s bank issues it to compensate the seller if the buyer defaults or cannot pay the seller.

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International Letter Of Credit Service Provider

A letter of credit has a vital role in reducing the payment risks for exporters as well as ensuring on-time delivery of ordered goods for importers in international trade transactions as per the mentioned terms in the LC agreement.

Visit us: https://www.axioscreditbank.com/letter-of-credit

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International Letter Of Credit Service

Being a global trader, you might know the importance of letters of credit. It is one of the most secure payment instruments available in international trade for both importers & exporters. The issuing bank guarantees to pay the exporter on behalf of the importer ie. the applicant in case the importer defaults or is unable to pay.

Visit us: https://www.axioscreditbank.com/letter-of-credit

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