For greater security, we suggest that you adopt the following measures when contacting potential business partners through the Internet:
Building security among trading partners
by alie on 10 Feb 2006 01:44
Replying to dylan9:
The basis of payment is very important because I have the similar experience.
Re: Re: Building security among trading partners
by latyakzs on 24 Oct 2006 04:59
Replying to [dylan9]: Ask for a LOI (Letter of Intent).It must contain all the info about the company, and must be signed and stamped, and sent by fax.
Re: Building security among trading partners
by Deepali on 10 Nov 2006 23:19
Replying to [James]:Good information, it is always better to take precaution. As it is said "Prevention is better then cure"
Tt (telegraphic transfer), * bill etc. vs. lc (letter of credit)
Author: Catalyst
Back to back letters of credit
Author: Catalyst
The original LC and the one issued against it are independent. See how it works.