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Describe how an organization can mitigate one risk in

Question:

The text describes problems exporters have with letters of credit. Since letters of credit transactions are document-based, the slightest discrepancies between documents can snag a transaction.

In 200 to 300 words, describe how an organization can mitigate one risk in writing a letter of credit.

REFERENCE

David, P. (2013). International logistics: The management of international trade operations (4th ed.). Berea, OH: Cicero Books.

Chapter 5: International Contracts

Chapter 6: Terms of Trade or Incoterms Rules

Chapter 7: Terms of Payment

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