Successful import-export transactions start with a currency exchange plan The world is finally getting to know itself from a business perspective, thanks to the Internet and successful import-export transactions. Some…
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In a recent post I noted the need for Certificate of Inspection to guarantee you / the importer will get the quantity as well as quality of the goods shipped.…
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Other than paying cash for your import purchases or using Letter of Credit financing, using Documentary Draft for Collection is another popular method how to pay for your import orders.…
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As noted in my previous post, Letter of Credit does not guarantee the quantity and quality of goods shipped! You, the Buyer / importer must realize that when Shipping Documents…
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The Documentary Letter of Credit, abbreviated L/C, is a written undertaking of a bank made at the request of a buyer, to honor drafts or other demands for payment (presented…
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