Part 1: Risk assessment in international trade
Payment methods
Letters of credit (L/Cs)
Advantages and risks
importer's perspective:
from
the
Advantages
•
•
Risks
The payment is done after the goods
have been shipped.
The importer pays after the exporter
has met the terms and conditions of the
letter of credit.
• More expensive.
• Goods not as ordered.
The risks are medium / low for the
importer
Export platforms | Module 5: Getting paid
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