Part 1: Risk assessment in international trade
Payment methods
Letters of credit (L/Cs)
L/Cs are provided for payment by an
importer to an exporter upon
presentation of a complete set of
shipping documents.
Exporter
Simple L/C flowchart
4. Advice of acceptance
1. Contract
3. Documentary credit
2. Documentary credit application
Importer
Export platforms | Module 5: Getting paid
Advising bank
Verify
Line of
credit
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