An International Letter of Credit is a payment method which particularly suites the transactions of high value and high risk. This method is quite complicated, and one of the traditional ways of making international payments. The companies decide to trade through Letter of Credit Services because of two reasons. One reason is due to the rules and regulation of foreign government, and the second reason is due to the lack of trust between the parties those are going to trade with one another. This lack of trust mainly occurs depending upon the value of the transaction with which the financial risk is associated.
