Differences between Export Letters of Credit (LC) and Import Letters of Credit (LC)
Differences between Export Letters of Credit (LC) and Import Letters of Credit (LC) Importers and exporters across borders widely use Letters of Credit (LC) to facilitate secure and reliable transactions While both export LC and import LC serve a similar purpose of ensuring payment in trade transactions, there are key differences between the two. This […]
International Trade Finance Instruments—A Clear, Practical Guide by Reliance Capital Finance Limited
International Trade Finance Instruments—A Clear, Practical Guide by Reliance Capital Finance Limited: Global trade looks glamorous on a slide deck—with new markets, new customers, and bigger orders. However, in reality, the real soundtrack of cross-border business isn’t the sales pitch; instead, it’s the payment risk, delivery risk, document risk, as well as compliance risk playing all […]