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Standby letters of credit for foreign trade
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Posted by Paul Woods on May 16, 2009 at 16:49:07:
Letters of Credit A letter of credit is a binding document that an importer can request in order to guarantee payment to the seller for goods or services supplied. In order for the payment to occur, the seller has to present the necessary shipping and other documents confirming the delivery of goods/services within a given time frame. It is often used in international trade to eliminate risks such as the bankruptcy of the importer or foreign political or economic instability. Call or email today! Paul Woods, President Lead Factoring Consultant Atlas International Funding.com Pwoods4576@aol.com Office:1-(716)893-4408 Toll Free 1-(888)-222-0187 Fax: 1-866-929-0417
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