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Export LC

Export Letter of Credit is a good way to enhance your business activities, secure your sales and take care of risks associated with exporting of goods. It is a form of security, an independent undertaking given by your buyer's bank that upon tendering of the right export documents you will get your payment. You may take it a step further by having the Letter of Credit confirmed. This will secure you from the importer's country and political risks and also default of the buyer's bank.