Documentary Credit, or Letter of Credit, is a bank-issued financial document ensuring payment to exporters upon meeting specified terms. This tool mitigates the risk of non-payment in international trade by guaranteeing that the exporter will be paid once the required documents are presented. Sriya Enterprise offers expert guidance in managing Documentary Credits, ensuring that businesses can conduct international trade with confidence and reduced financial risk.
In international trade, businesses often face the challenge of maintaining cash flow while waiting for payment from overseas buyers. Letter of Credit (LC) discounting is a financial tool that helps exporters overcome this hurdle by converting future receivables into immediate…
