Mauro Libi Entrepreneur

By Mauro Libi. - When a company decides to make incursion in the international market, it requires of some guarantee that validate their ability to pay and make easy to establish new business relationships. One of them is: letter of credit.      Letter of credit is one of the most reliable payment instruments that exist in the international trade. It’s a payment guarantee issued by a bank, it acts with the consumer name where agrees to pay as soon as they receive from the seller the documentation as a proof of delivery of the goods trough boarding certifications, purchase invoices and so on.      The letter of credit offers confidence even when the client declares itself bankruptcy and cannot honor their agreement, the financial institution will pay whenever the documentation is in order.      Thus, after the parties reach the commercial agreements, the bank, will issue the letter of credit in favor of the s...