Letters of Credit and Documentary Collections

Letters of Credit and Documentary Collections

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I classify international banking and international shipping together because for a international business that buys and resells materials, the two are interrelated. It is necessary to have a bank and a freight agent that has a lot of experience in international business. Do not use a small local bank as they cannot meet your need when it comes to doing business outside the United States.Chapter. 1. Letters. of. Credit. L. etters of credit are one important means of transferring money and paperwork between customer and supplier. The banks act as a trusted in-between. If a seller agrees to be paid by a letter of credit or LC, thenanbsp;...

Title:Letters of Credit and Documentary Collections
Author:Thomas H. Ward, MBA
Publisher:Xlibris Corporation - 2009-01-23


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