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security of payment
Post 1 of 4
dear community members i want to know that what is the securit of money if we are importing any material from foreign . the material which we want to import can be of low quality as we desired so its of no use to us but bank will do paymet when we take material from port
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04 Feb 2008 01:33
Post 2 of 4
Quoting from [shanker]:


dear community members i want to know that what is the securit of money if we are importing any material from foreign . the material which we want to import can be of low quality as we desired so its of no use to us but bank will do paymet when we take material from port


Thats why pre-shipment inspections are necessary.
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Me Tech Supply
ME Tech Supply a D. B. A provides sourcing solutions for both small and medium sized businesses. We are members of the GSAA whose Agents have verified more than 2. 5 million companies World WideWe offer low cos... More

06 Feb 2008 11:35
Post 3 of 4
Replying to [shanker]:

A bank has absolutely no role to play in your DECISION regarding what to pay, how much to pay, when to pay and to whom to pay. If you want to send money through a bank, bank will do so, to whomsoever you want to send.

Therefore, if you want to pay someone without verifying the item you want to buy, that is YOUR DECISION.
14 Feb 2008 01:33
Post 4 of 4
dankasolutions
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Overall Ranking MVP:109 Rank:6,094
Replying to [shanker]:
Use the L/C and require they present a document such as Inspection certificate, Verification cert., Quality & Quantity Cert.,.. issued by reputable third party (SGS..)
18 Feb 2008 07:12
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