UGC Approved Journal no 63975(19)

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 10 Issue 5
May-2023
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR2305D57


Registration ID:
517596

Page Number

n381-n388

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Title

A STUDY ON GARMENT EXPORTER’S VIEW ON LETTER OF CREDIT IN TIRUPUR CITY

Abstract

There are several uncertainties that arise when buyers and sellers across the globe engage in maritime trade operations. Some of these uncertainties revolve around delayed payments, slow deliveries, and financing-related issues, among others. The sheer distances involved in international trade, different laws and regulations, and changing political landscape are just some of the reasons for sellers needing a guarantee of payment when they deliver goods through the maritime route to their sellers. Letters of credit were introduced to address this by adding a third party like a financial institution into the transaction to mitigate credit risks for exporters. When possible, offering extended payment terms can be extremely attractive to new foreign buyers and may ultimately lead to winning more export sales. However, to offer this sought-after benefit, you must check the foreign buyer’s credit which is not always easy to find. If you are unable to find reliable credit information, one trade finance tool available to the exporter is the Letter of Credit.

Key Words

Exporter, importer, trade, credit, goods, foreign, risks..

Cite This Article

"A STUDY ON GARMENT EXPORTER’S VIEW ON LETTER OF CREDIT IN TIRUPUR CITY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 5, page no.n381-n388, May-2023, Available :http://www.jetir.org/papers/JETIR2305D57.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"A STUDY ON GARMENT EXPORTER’S VIEW ON LETTER OF CREDIT IN TIRUPUR CITY", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 5, page no. ppn381-n388, May-2023, Available at : http://www.jetir.org/papers/JETIR2305D57.pdf

Publication Details

Published Paper ID: JETIR2305D57
Registration ID: 517596
Published In: Volume 10 | Issue 5 | Year May-2023
DOI (Digital Object Identifier):
Page No: n381-n388
Country: -, -, India .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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