A Letter of Credit is issued by a bank on behalf of an importer, guaranteeing payment to the exporter upon fulfilling specified terms. This financial document ensures that the exporter receives payment once the terms and conditions set out in the LC are met. Sriya Enterprise, a Trade Finance Advisory Firm, assists businesses in navigating the complexities of obtaining and managing Letters of Credit, providing valuable support to ensure smooth and secure international transactions.
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…
Mastering International Trade: Decoding Incoterms and Payment Terms for Export-Import Success Basically, the need to write this blog came, based on my recent interaction with an MSME exporter. In my recent consultation with an MSME (Micro, Small, and Medium Enterprises)…
