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Whats the advantage both for the buyer and the
问题详情
What's the advantage both for the buyer and the seller in utilization of the letter of credit for payment？
参考答案
A letter of credit uses bank credit. As long as the beneficiary presents the stipulated documents in the L/C, the issuing bank of the L/C must make the payment firstly. Letter of credit removes the obstacles in international trade where importers and exporters do not trust each other, and it provides financing for both the importers and exporters.
