Accepting a letter of credit business for annual c
Post# of 22940
Posted On: 08/22/2016 4:02:18 PM
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Quote:
Accepting a letter of credit business for annual contracts provides TPAC revenue assurances.
Clients paying by irrevocable letter of credits must place the full value of the contractual years' shipment up front allowing a draw down against delivered documents.
http://www.twitlonger.com/show/n_1sp1fbf
https://twitter.com/TPACmuse/status/767811820606328832
Everything up front?? What am I missing??
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