Under a letter of credit, the exporter will not ship the products until the importer has sent payment to the exporter.

Name: Under a letter of credit, the exporter will not ship the products until the importer has sent payment to the exporter.
Brand: Quizplus
Rating: 4.8 (59 reviews)

Question

Quizplus · Accepted Answer

Under a letter of credit, the exporter ships the products after the issuing bank guarantees payment upon submission of the shipping documents, not necessarily after receiving payment from the importer.

Under a Letter of Credit, the Exporter Will Not Ship