How to offload the risk of non-payment under LCs

Letters of credit (LCs) sometimes fail to deliver on the purpose for which they are chosen over other international trade settlement payment options because payment under LCs is subject to the beneficiary‚Äôs presentation of documents that comply strictly with the terms and conditions of documentary credit, and the smallest discrepancy in one of the documents … Continue reading How to offload the risk of non-payment under LCs