financial times
glnmp3 asked:


I’m buying products from the UK, first time transaction; Are there any financial instruments ran or controlled by a third party (like a bank or someone independent from the buyer or seller ) that liberates, deposits, or pays the seller once shipment confirmation of goods is made?

NICOLE
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Comments

Spock (rhp) on 17 December, 2009 at 11:00 pm #

trade letter of credit or foreign letter of credit
foreign acceptance
might have other names

consult your business banker