|
Negotiated Money Order for Export is a guarantee of payment from the bank issuing the L/C to exporter upon submitting delivery/shipping documents provided that the terms and conditions of L/C have been completed by the exporters.
Benefits
Exporters will get payment guarantee from the bank after completing documents required by L/C.
- Exporters will immediately receive payment when all required documents are completed.
- Exporters can use L/C from importers as collateral to open L/C (back to back L/C) as long as it meets the bank's requirement.
Types of export L/C
|
