_____ offers payment protection to both exporters and importers,as the importer's bank writes a guarantee of payment.

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A commercial letter of credit provides payment protection to both exporters and importers by having the importer's bank issue a guarantee of payment, which assures that the exporter will receive payment from the bank as long as the documents presented meet the requirements of the letter of credit. This reduces the risk of non-payment and helps facilitate international trade.

_____ Offers Payment Protection to Both Exporters and Importers,as the Importer's