When issuing a letter of credit,the bank charges the exporter a fee for the service.

Name: When issuing a letter of credit,the bank charges the exporter a fee for the service.
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Banks charge importers a fee for providing a letter of credit.Typically this amounts to between 0.5 percent and 2 percent of the value of the letter of credit,depending on the importer's creditworthiness and the size of the transaction.

When Issuing a Letter of Credit,the Bank Charges the Exporter