Relationships between buyers and sellers are based largely on trust. Regardless of whether you are a buyer, seller, or end-user of a product or service, being certain about the intentions of the other parties, and having the security that they will honour their part of the deal is critical when trading overseas. It’s often easier to have a relationship with your supplier if you’re trading domestically (within the same region), but what if your supplier is less well known, perhaps based overseas?

Download our “Guide to Letter of Credit” below:

Using Letters of Credit (L/C) can significantly advantage your business, regardless if you are a seller or buyer of goods and services. This trading tool is legally binding in almost all countries of the world, providing better transparency and creating trust in your business. Using an Letters of Credit (L/C), you can do business with any company or business around the world while being certain that all goods agreed upon will be received and that all payments will be fulfilled