Wednesday, July 14, 2021

Letter of Credit@ 1.00% per annum commission interest Onwards : financeseva — LiveJournal

Letter of Credit@ 1.00% per annum commission interest Onwards : financeseva — LiveJournal


Importers and exporters normally require intermediaries such as banks or alternative financiers to guarantee payment and also the delivery of goods. Cash advances or trade credits on open accounts are usually used after the buyer and seller develop a trusted relationship.

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