Trade doesn’t eliminate uncertainty—it makes it manageable.
#GlobalTrade #TradeRisk #SupplyChains #MarineInsurance #Incoterms #TradeFinance #CreditInsurance #LettersOfCredit #PoliticalRisk #Logistics #InternationalTrade #GlobalEconomy
In the first month of 2025, both the openings and settlements of import letters of credit (LCs) decreased compared to the same month of the previous year due to a decline in import demand and the pressure of overdue LC payments, among other factors.
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#LettersofCredit #TBSnews
They also want overdue period to be 9 months to consider a loan defaulted
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#LettersofCredit #LCPayment #repayment #deferredlc #TBSNews
Small garment factories with limited capital, unable to afford a bonded warehouse licence, are struggling to sustain their businesses due to difficulties in securing back-to-back letters of credit (LCs) and procuring raw materials and accessories.
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