Understanding Letters of Credit in Apparel Trade
Global apparel trade runs on tight margins, tight schedules and tight trust. When a factory in Tiruppur ships a container of shirts to a buyer in Europe, both sides want certainty. The buyer wants assurance that the goods meet the agreed specifications. The seller wants assurance that payment will arrive. A letter of credit is […]
A Complete Guide to Pre-shipment and Post-shipment Finance for Garment Exporters
The Indian apparel export industry is one of the country’s strongest economic pillars, contributing significantly to employment and foreign exchange earnings. However, running an export-oriented apparel business is not always smooth sailing. Even when you secure promising international orders, the financial gap between production and payment can be overwhelming. That is where export financing comes […]