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Q: What are the disadvantages of back to back letter of credit?
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DisAdvantages of Using Letters of Credit?

that it cost a lot of money to post the letter


Which banks are good for Back to back letters of credit?

which bank in Pakistan are working on back to back letter of credit?


What are the disadvantages to using credit cards?

You have to pay back the money, if you have gone over your limit ! "/ x


Do the advantages of credit outweight the disadvantages of credit?

With the rampant credit card theft, its disadvantages are becoming more than its advantages.


What are the risks to open a back to back letter of credit?

Risk invilved in Back to Back L/C


Are there any major disadvantages to a Chevron credit card?

There are no major disadvantages specific to a Chevron credit card. There are disadvantages inherent in credit cards like annual fees or murky language and varying rates for different usages, but those are potential disadvantages to all credit cards.


What is the procedure for opening an inland letter of credit?

This letter will need to be opened by your banker who will set a limit on your credit. It will also have a period that it needs to be paid back by.


What is the advantages and disadvantages of credit policy?

advantages of credit policy


What are the advantages and disadvantages of credit card?

The advantages of a credit card is you can buy things that you don't have the money to buy. The disadvantages of a credit card is that you have to pay it off with interest in the future.


What are some of the advantages and disadvantages of having credit?

The disadvantages (which can cause money problems) is that credit is still too easy to gain. Credit is good provided you can pay back in time and can absorb the interest over the term. Those who take out credit they can't afford, soon realise they are in a downward spiral to an over whelming that they have no chance to get out off - often leading to the loss their home.


How is opening letter of credit different from establishing letter of credit?

Both has same meaning, opening letter of credit establishing letter of credit once letter of credit is opened, credit is established.


Disadvantages of using a credit card?

Everything.