- Jan 23, 2006
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I have dealt with letters of credit in business with international deals but that was when supplying expensive engineering machines which, if all went tits up, could be difficult to recover.
I would assume that it would not be necessary if all the fee was fronted up which leads me to believe the deal is of the graduated, "hire purchase", payment schemes I've heard we like to use. If so then negotiations must be well advanced surely.
I would assume that it would not be necessary if all the fee was fronted up which leads me to believe the deal is of the graduated, "hire purchase", payment schemes I've heard we like to use. If so then negotiations must be well advanced surely.