It’s a tried and tested method of getting paid, but what exactly is a letter of credit, and what does it entail for an exporter? Once consdiered too paperwork-heavy, this payment method has seen a revival in this more risk adverse global economy.
How does your business find working capital? Why is working captial so important for exporters? How can you obtain the money you need to do business? This is a guide to getting working capital to take your exports to the next level.