What Is an Export Letter of Credit?

Export letter of credit refers to a series of services provided by the bank of the exporter to the exporter after receiving the letter of credit from the issuing bank.

Export letter of credit

Export credit

1. Lower risk:

1. Don't know or trust the importer

1. After the exporter submits the document to the bank, if there is any inconsistency between the documents or between the document and the letter of credit, it should be replaced or modified in time.

2. After receiving the foreign payment, settle the foreign exchange in time according to the state's foreign management policy.