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  3. Why does the exporter sometimes require a confirmed letter of credit? Who usually adds confirmation to the credit?

Why does the exporter sometimes require a confirmed letter of credit? Who usually adds confirmation to the credit?

admin2022-08-21  34
问题 Why does the exporter sometimes require a confirmed letter of credit? Who usually adds confirmation to the credit?
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答案The exporter requires a confirmed letter of credit when the credit amount is too large, or when the exporter does not fully trust the opening bank. The confirming bank usually adds confirmation to the credit.
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