30/06/2022 Financial & Legal Services
Exporting and importing goods is the lifeline of the global economy and acts as the backbone of the global supply chain. Exporting and importing is also a very profitable business and people who are involved in this business get fairly paid for the world they do. However, both exporters and importers face various kinds of financial challenges which could halt their business. One of the major financial challenges that exporters and importers face is securing their payments on time. But if the exporters and importers make use of export and an import letter of credit then they can overcome this particular challenge easily. .
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