A letter of credit, issued by a foreign bank with validity confirmed by a US bank. An exporter who requires a confirmed letter of credit from the buyer is assured of payments by the US bank even if the foreign buyer or the foreign bank defaults.
The Rantings of the barely human.
A letter of credit, issued by a foreign bank with validity confirmed by a US bank. An exporter who requires a confirmed letter of credit from the buyer is assured of payments by the US bank even if the foreign buyer or the foreign bank defaults.