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Export compliance is the process of ensuring that a company’s international trade activities comply with the relevant laws and regulations. These laws and regulations can be complex and vary depending on the nature of the products being exported, the destination country, and other factors. Noncompliance can result in significant costs and consequences for a company,...
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Letters of credit (LOCs) are widely used in international trade to provide a guarantee to the seller that payment will be received for goods or services exported. They are essentially a promise from a bank to pay the seller once certain conditions are met.
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