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Management Studies

Global Logistics and Supply Chain

Your company has decided to export to an Indian distributor. A major concern you have is getting paid by this distributor. You have asked the distributor to use irrevocable letters of credit.

a. Discuss the non-payment risks involved.

b. Describe in step-by-step detail how payments in an irrevocable letter of credit works.

c. Explain how an irrevocable letter of credit helps to minimize the risk of non-payment.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92275195

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