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Credit Application Johnson Litho Graphics  Form

Credit Application Johnson Litho Graphics Form

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Offering attractive, extended payment terms to new foreign buyers can help businesses win export sales. Getting paid in full and on time is important. With any new foreign buyer, you should first check the new foreign buyer's credit. If you are unable to find reliable credit information, there is a trade finance tool available that provides a high level certainty of payment to exporters called the Letter of Credit. A Letter of Credit is a contractual commitment by the foreign buyer's bank to pay once the exporter ships the goods and presents the required documents to the exporter's bank as proof. By Using a Letter of Credit, the exporter gets a guarantee of payment, while offering the importer reasonable payment terms. The importer gets a guarantee that their order has shipped before payment. The exporter should consult with their bank before the importer applies for the Letter of Credit. Ask about: What type and size of export transactions are suitable for a Le

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