HOW MUCH YOU NEED TO EXPECT YOU'LL PAY FOR A GOOD ## DOCUMENTARY CREDIT TERMINOLOGY

Trade finance, specifically letters of credit, addresses this. A letter of credit, issued via the importer's bank, guarantees payment to your exporter upon presentation of shipping documents, like a Monthly bill of lading. This shifts the payment risk to the importer's bank, which assesses the importer's creditworthiness.The provider will invoice t