Question: The most often reason cited for using a transferable L/C is there is an importer who would rather do business with an intermediary there is

The most often reason cited for using a transferable L/C is there is an importer who would rather do business with an intermediary there is an intermediary who presents itself to the importer as the original exporter the importer is short of working capital the intermediary is a subsidiary of the original exporter

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