#letter of credit

The Painful Reality of Cancelling a Letter of Credit in International Trade: A Lesson for Every Exporter

In international trade, a Letter of Credit (LC) is one of the safest payment methods, providing security to both exporters and importers.…

5 months ago

Irrevocable Letter of Credit (LC): The Safest Payment Method in Export Business

When it comes to securing payments in international trade, the Irrevocable Letter of Credit (LC) is the most sought-after and reliable financial…

5 months ago

Why a Letter of Credit (L/C) is the Backbone of Safe Export-Import Trade — And how I learned to reject bad letter of credit from a suspecious fraudster.

When you're in the business of export and import, every deal is a leap of faith. You're trusting a stranger…

5 months ago