Discussion: Important details about L/C's (Letter of Credit)
Post 12 of 84
Replying to [MikePTY-HK]:![[em19]](http://img.alibaba.com/images/eng/style/icon/emoticons_great.gif)
Good job, Mike!
Thanks for your informations!
![[em1]](http://img.alibaba.com/images/eng/style/icon/emoticons_smile.gif)
Good job, Mike!
Thanks for your informations!
22 Sep 2006 04:39
Post 13 of 84
Replying to [MikePTY-HK]: It is good to learn in respect of the L/C. Very helpful. Thanks..
22 Sep 2006 09:23
Post 15 of 84
Replying to [MikePTY-HK]:
Yes, I appreciate your efforts to inform us -as BUYERS - , but WHY all chinese company did not accept this type of commerce?
They want / agree only Wester Union or T/T Telex Transfer - WHY not L/C - both parts will take their rights after their job will be done.
Is there someone to answer at my Question?
Thank you in advance!![[em17]](http://img.alibaba.com/images/eng/style/icon/emoticons_shake_hands.gif)
Yes, I appreciate your efforts to inform us -as BUYERS - , but WHY all chinese company did not accept this type of commerce?
They want / agree only Wester Union or T/T Telex Transfer - WHY not L/C - both parts will take their rights after their job will be done.
Is there someone to answer at my Question?
Thank you in advance!
24 Sep 2006 08:57
Post 16 of 84
Replying to [MikePTY-HK]:
How do LCs work if I have one customer order and 10 suppliers?
How do LCs work if I have one customer order and 10 suppliers?
25 Sep 2006 20:19
Post 17 of 84
Replying to [MrPlum]:
You can open credit on your TC name, or make separate LC's.
You can open credit on your TC name, or make separate LC's.
26 Sep 2006 13:53
Post 18 of 84
Replying to [MikePTY-HK]:Very informative but I feel that LC is such an instrument that more u get knowledge about it more u feel that still a lot of thing are there to learn
01 Oct 2006 02:26
Post 19 of 84
Replying to [Camy]:I wonder the same thing Camy, most car exporters like ourselves in Japan tend not to use L/C's either. It seems the biggest reason is it takes time to confirm everything. We prefer a close relationship with the client and with all of the time it takes in checking and double checking of the paperwork supplied by a potential "partner", could be a sign of lack of trust. TT or Western Express is fast and effective but demands trust.
05 Oct 2006 22:38
Post 20 of 84
Replying to [MikePTY-HK]: Great job, Mike ! i am sure it will help all of us. However, I have a question regarding the LC Type. As you mentioned, if it is Sight LC then Issuing Bank makes the payment immediately. What are the other types of LC's and how the payment time changes.
Thanks !!
Thanks !!
15 Oct 2006 05:19
Post 21 of 84
Replying to [MikePTY-HK]: Thanks alot for the great effort. L/C really is the best payment, and you really showed everyone why. Way to go.
20 Oct 2006 01:53