Discuss the non-payment risks involved

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Reference no: EM131853702

Question: Global Logistics & 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?

Reference no: EM131853702

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