We discussed Letter of Credits (L/C) as part of our "Financing International Trade" chapter.
We talked about two different payment types: 1) at-sight and 2) deferred.
What do they both mean?
Please also explain how post-shipment financing works?
Who requests financing? Importer, exporter, both?
Who provides financing? Importer's bank, exporter's bank, both, an unrelated third party? How?