I need some tips for buying with letter of credit..

Jun 14th, 2008, 07:23 PM #1 (**permalink**)

I'm planning on purchasing some products from China. I need some tips from people who have used L/C. The safest way seems to be using letter of credit through my bank. Do I need to have a business account to do this? Any other tips will be appreciated. Thanks a lot.

Jun 15th, 2008, 05:30 AM #2 (**permalink**)

I have found that smaller banks are much more likely to work with you on L/C vs the big corporate banks.

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