Industry News

Is L / C really safe?

Views : 740
Update time : 2021-04-01 13:39:26

As one of the most commonly used settlement methods in international trade, letter of credit payment has been regarded as a settlement method with high safety factor by many enterprises. However, with the development of international trade, this payment method has become less reliable. EAC Eurasian Economic Union, with Russia as the main body, is the region that seldom uses L / C.


 
Related Content
Read More >>
The unknown secrets of Russian cross-border logistics! The unknown secrets of Russian cross-border logistics!
May .29.2023
In 2016, the number of overseas orders for cross-border online shopping in Russia reached 245 million, 90% of which came from China. In 2017, the volume of e-commerce transactions in Russia reached 20 billion dollars.
Necessary knowledge for exporting to Russia! Necessary knowledge for exporting to Russia!
May .24.2023
Foreign traders who have exported to Russia know that there are white and gray customs clearance policies in Russia. What is white customs clearance and what is gray customs clearance?
What are the transportation modes of the special logistics line in Russia? What are the transportation modes of the special logistics line in Russia?
May .18.2023
The Russian special logistics line is the main business of the logistics company in Russia. Many cross-border sellers have done business in Russia and transported goods to Russia through different modes of transportation.
Full of dry goods! Russian land transport mode and port knowledge Full of dry goods! Russian land transport mode and port knowledge
May .17.2023
Many things, we should know their nature, but also know why. As a cross-border e-commerce business, you must be familiar with Russian land transport. This mode of transport is not only reasonable in cost, but also not too slow. We only need to compare and