Visit the Trade Portal to find and place your international trade leads.
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Be sure that all financial arrangements are sound.
The L/C (LOC) is issued by a bank to the importer. The issuing bank guarantees to pay the exporter the stated amount if the terms and
conditions of the L/C are met. These terms and conditions cover:
- The documents to be furnished as proof of supply of goods
- The place of presentation of these documents
- The time limits within which the documents should be presented
The L/C protects both the importer and the exporter.
- Importer Protection - Payment only made when all the terms and conditions are met
- Exporter Protection - Payment guaranteed when documents are furnished
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