Some bankers' reluctance to issue back-to-back letters of credit is creating a dilemma for some exporters, according to documentary specialist Ravi Mehta. This reluctance is illustrative of their unprofessionalism and shortcomings. But there are solutions and methods of securing your back-to-back LCs, as he illustrates.

Published in GTR Vol 2/Issue 7, September/October 2004

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Source: GTR-Global Trade Review is the world’s leading international trade finance magazine, read by and featuring the market’s key banks, credit insurers, corporates, traders, law firms, brokers and consultants. GTR provides timely and in-depth news, leads and analysis on the global trade finance, export finance and risk markets.