The letter of credit is preferred by most exporters since it gives them two different guarantees for the deal. Both...

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Documentary Letter of Credit (LC) | SUISSE BANK

Source: https://suissebank.com/en/documentary-letter-credit.html

The letter of credit is preferred by most exporters since it gives them two different guarantees for the deal. Both the bank of the exporter and importer will take care of the fact that the exporter receives a timely payment for the goods.

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