Currency fluctuation impacts your margin. An order from quote to payment can take 2-3 months. A 5% rate move can eliminate your profit. Hedge with forward contracts or include fluctuation clauses.
T/T and L/C each have their place. T/T is simpler with lower fees — ideal for repeat clients. L/C is more secure but complex — suitable for large orders. My rule: T/T under $500K, L/C above.
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