Guarantee to an exporter that the importer of his goods will pay immediately for the goods ordered by him, is known as
Question
Solution 1
The term for a guarantee to an exporter that the importer of his goods will pay immediately for the goods ordered by him is known as a "Letter of Credit".
Here are the steps explaining how it works:
- The importer applies for a Letter of Credit from his bank (known as the Issuing Bank). He needs Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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