L/C Soft Clauses That Trap You

Late payment collection is stressful. My process: reminder 7 days before due, formal notice 7 days after overdue, suspend cooperation at 30 days, professional collection at 60 days. Act promptly but professionally.

Export credit insurance is your safety net. Premiums are 0.2-0.5% of export value, covering 80-90% of bad debt. For new markets and clients, this small investment lets you sleep at night.