I was not paid on a letter of credit because the freight forwarder did
not submit the required documents in time. How do I ensure/guarantee that
third parties provide me with the documentation I need in a timely manner?
Answer: : The bottom line
is this: You Can't!
One of the risks associated with Letters of Credit is the possibility that
a third party will not provide required documentation or will not do so in
a timely manner. |