Foreign transactions
This query is : Resolved
12 August 2012
What are the cheaper alternatives for Letter of Credit? Plz suggest.....
13 August 2012
LETTER OF CREDIT IS BEST,SAFEST AND CHEAPEST OPTION. IF YOU ARE DEALING IN FOREIGN TRANSACTION, YOU MAY CONVERT THE MATURITY PAYMENT OF LETTER OF CREDIT INTO BUYERS CREDIT. BY AVAILING THIS FACILITY YOU CAN STRETCH THE PAYMENT TILL ONE YEAR TO THREE YEARS.
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