Who requests financing-importer-exporter and both

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Reference no: EM131561827

We discussed Letter of Credits (L/C) as part of our "Financing International Trade" chapter.

We talked about two different payment types: 1) at-sight and 2) deferred.

What do they both mean?

Please also explain how post-shipment financing works?

Who requests financing? Importer, exporter, both?

Who provides financing? Importer's bank, exporter's bank, both, an unrelated third party? How?

Reference no: EM131561827

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