Categories
Letter of credit

Key advantages for importers

  • Reduces the risks of international trade across the different countries
  • Lower cost 
  • Allows the importer to avoid the advance payment or reduce the amount of advance payment (improving cash flow)
  • To conduct the business in accordance with its plan while controlling all trade processes including the loading and transportation of goods
  • Assure importer’s credibility to the exporter side
  • The exporter can get payment as soon as the goods are shipped while the importer can pay after receiving the goods
  • The Importer can refuse to pay when required documents under the Letter of Credit are not in comply with the terms and conditions.

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