Getting Paid and Letters of Credit
Because getting paid in full and on time is important for each export sale, an appropriate payment method must be chosen carefully.
There are various ways you can minimise risk and ensure you get paid correctly and on time when trading overseas and the Chamber is adept at assisting you to make sure this happens, as well as offering relevant training, so that you can concentrate on maximising your international aspirations and strategy.
One way, depending on the circumstances, of reducing the risks of trading in an unfamiliar or unknown market is to use a letter of credit. There are several different types available and the Chamber’s expert guidance can help ensure you’re full equipped with the right processes and documentation.
For further information, please call the Export documentation team on 0333 320 0333 - option 4 or email firstname.lastname@example.org.