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Letters of Credit & Bangladesh

For the last 19 years my company has not been able to do 1 deal in Bangladesh, despite the fact Bangladesh is a great market. Buyers there are ONLY able to pay by LC, once the LC approved by the government. Not an easy process. I can't figure out for the life of me why, after all these years in 21st century, they can't do business by wire transfer yet???

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Lining Up The Stars

Setting up a scrap metal or commodities deal today requires a lot of stars to line up. Supply needs to be available, the price needs to be right, trucking needs to be available, containers needs to be available in the loading port - going to the destination port, at a price that works. And if you're doing this by an LC then you're really asking a lot.