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"Demystifying Letters of Credit"

All exporters would prefer to paid cash in advance for their shipments, but that is not always possible. Many also are concerned about providing open account, especially during the first exports. There are ways to avoid problems with both of them, the often overlooked documentary credit and collection, known as Letters of Credit and Drafts. Join us as we explain what they are and how they work in layman's terms, go over key vocabulary and the process, and even go through an "LC" line by line so you can understand it.