Is it safe for Argentina to open a letter of credit?
The credit in South America is not very good. But I did it in Chile, no problem. The main thing is that you'd better ask him to send the information of the issuing bank first and check the credit rating of the other bank with your bank. If the ratings are high, the problem is not big. In addition, if the bank verifies it, ask him to give you the draft before the other party officially opens the L/C, and check it first. If it is too difficult to understand, if the bank is not sure, please ask him to check with the issuing bank. Confirm all the terms before opening the L/C. Note that the information on the draft is incomplete. After the official certificate comes, check the terms automatically added by the banking system to see if there are any soft terms. There was no problem before the operation. Because the notification fee is only in 200 yuan, if there is something that cannot be implemented, the other party must change it. This little money is not bad.