Explain how the use of letter of credit can secure the position of an exporter in the

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Explain how the use of letter of credit can secure the position of an exporter in the following situation: " A Libyan buyer has expressed interest in purchasing LED lights that will be installed on the runway of new airports. A German company has shown interest in supplying these lights . However is concerned about the financial situation of the buyer as well as the Bank."

Posted Date: May 18, 2024 01:08 PM

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Explain how the use of letter of credit can secure the position of an exporter in the

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