International Trade Forum - Issue 4/1999

Faulty letters of credit are a common problem for companies involved in international trade. The eight steps outlined in this article can help companies reduce errors in the documentation required for letters of credit, easing the way for smooth payment.

The article is available in English, Spanish and French.

Source: International Trade Forum magazine, published by the International Trade Centre (ITC). ITC is the joint technical cooperation agency of theUnited Nations Conference on Trade and Development and of the World Trade Organization for business aspects of trade development.