Tag: letters of credit
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Letters of credit
Trading internationally can involve risks. Exporters run the risk of buyers failing to pay for goods, while importers may risk paying but never receiving anything. Because of the distances involved, it may be difficult to resolve any disputes. One way of reducing the risks is to use a letter of credit. This can offer a…
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Getting paid when selling overseas
Timely payment is essential for your business, and the risks of late, or even non payment can sometimes be greater when doing business internationally. It is important that you use proper credit control procedures when doing business anywhere. Doing business abroad involves additional risks and the cost of taking legal action when things go wrong.…