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International trade is manufactured possible by features within just trade finance that collaborate harmoniously to aid global trade pursuits properly.So prevalent apply is that the exporter requests a letter of credit from the customer’s bank, a guarantee to the payment.Business enterprise solutions Open the menu Near the menu Back again Organiz

Trade finance, notably letters of credit, addresses this. A letter of credit, issued via the importer's bank, guarantees payment for the exporter upon presentation of shipping documents, like a bill of lading. This shifts the payment risk to your importer's bank, which assesses the importer's creditworthiness., though tech startups in Silicon Valle