What can be the best possible conditions for secure trade.I mean to ask that is L/C the best option?Or how to avoid people from non paying after the receipt of the consingment?
I mean to ask it as like usually in professional countries people usually know the terms and all.But in the case of some countries of middle east,africa etc they are not too good with such things and they take lots of time n energy to make them sign the contact etc and often the faxed or email is not valid in that case.
It would be kind of the members to reply.![[em5]](http://img.alibaba.com/images/eng/style/icon/emoticons_angry.gif){kind=icon}
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Best option, get some advance payment and rest to be convered Letter of credit. Verify with the credit report of the Buyer. Eventhough it is good donot do business without security, Insure with ECGC for the buyer and also for every shipment. And also do marine insurance.
if you are supplier. then the best payments for you :T/T
if you are buyers.the best payments for you. that is when you sell out your products. you will pay money to them.
so base on seller/ buyer. the best payment:L/C
when you losded all goods. then send all documents to bank to get money. the bank is the first payer.
good luck!
Jovi
Aleser, it is not possible to properly answer your question because you do not state the amount of money involved nor give any guideline to the sort of transaction you have in mind.
L/Cs are practical only for transactions exceeding about $40k due to the high costs involved.
Best payment method for smaller transactions will depend on the nature of the transaction.
Every transaction is different. You must start with details of the transaction and then ask what is the best payment method for that transaction. But, as general rule you keep ownership of the goods until you receive payment ... just basic common sense.
Escrow is also an often overlooked good method particularly where the parties are deaing between each other for the first time.
For that type of sum, Credit Card is the way to go.