Letters of Credit

Abstract

The letter of credit is commonly utilised when an exporter has doubts regarding the prospects of receiving payment. It is essential that all possible precautions are taken to ensure that the letter of credit's conditions can be met and are conformed with. If documents are rejected, if it is possible for them to be corrected and returned to the advising bank within the expiry date, then this should be done.

Citation

Dewdney, K.A. (1985), "Letters of Credit", Industrial Management & Data Systems, Vol. 85 No. 7/8, pp. 21-22. https://doi.org/10.1108/eb057409