A letter of credit, issued by a foreign bank, the validity of which has been confirmed by a domestic bank. An exporter whose payment terms are a confirmed letter of credit is assured of payment by the domestic bank even if the foreign buyer or the foreign bank defaults.
Confirmed Letter of Credit
Search by Category
Latest Articles
- Hidden Parcel Rate Hikes: What You Don’t Know Could Be Costing You
- Shipping Rx: How This Medical Manufacturer Cut Shipping Costs by 15%
- ICC Logistics Promotes Tim Binkis to Chief Client Success Officer
- USPS Proposes 2024 Holiday Shipping Rate Hikes: What Shippers Need to Know
- 2024 Rate Hikes Are Devastating Profits—The Time to Act is Now!