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How to Ensure that Third Parties Provide Required Documentation for Letters of Credit
One of the most commonly asked questions about gathering required documentation is this: How can a creditor ensure that third parties provide the documentation needed in a timely manner? The answer is: You Can't! One of the risks associated with L/Cs is the possibility that a third party such as a freight forwarder will not provide required documentation, or will not do so in a timely manner.
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