What is Maximum Credit Limit you can allow
Post 1 of 21
Dear Friends
I would like to know what is the maximum credit limit your companies are allowing to your regular overseas buyer.
Madhur Agarwal
I would like to know what is the maximum credit limit your companies are allowing to your regular overseas buyer.
Madhur Agarwal
13 Mar 2008 20:57
Post 2 of 21
Replying To [Madhur_Agarwal]:None.They pay either up front, or deposit and balance on fax copy of B/L or LC at sight.
NO Credit!
13 Mar 2008 23:35
Post 3 of 21
Replying to [Madhur_Agarwal]:business depends on the sense.
14 Mar 2008 02:34
Post 4 of 21
Replying to [Madhur_Agarwal]: I hope your not planning on providing unsecured credit. With the volitility of todays markets that could spell the doom of your business. How would you know if the company you were extending credit to actually had good credit or was not buying from you as one last ditch effort before bankruptcy.
Ranger
Ranger
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14 Mar 2008 20:31
Post 5 of 21
Replying to [grigo]:
Yeh!!
NO credit, if you don't want to be scammed
Yeh!!
NO credit, if you don't want to be scammed
16 Mar 2008 23:56
Post 6 of 21
Replying to [grigo]:
Dear Grigo
But in this case we can only approach the buyers who are having very good avalibity of funds.
Madhur Agarwal
Dear Grigo
But in this case we can only approach the buyers who are having very good avalibity of funds.
Madhur Agarwal
17 Mar 2008 01:09
Post 7 of 21
Replying to [Ranger]:
Dear Ranger
Thanks for causious words.I got your point.
Though I wonder that is there no possibility of safe credit and what when it is first dealing in new area and buyer is causious about my company.
Madhur Agarwal
Dear Ranger
Thanks for causious words.I got your point.
Though I wonder that is there no possibility of safe credit and what when it is first dealing in new area and buyer is causious about my company.
Madhur Agarwal
17 Mar 2008 01:11
Post 8 of 21
Replying to [Madhur_Agarwal]:
No credit if you want to avoid being scammed. However it is possible in some countries to get export finance from the Government when dealing with financially strong companies and government contracts abroad.
Do you really want to do business with a customer who can not pay the bill?
If you wish to trade with that type of customer find an agent in the target market or set up a subsidiary in that country staffed with competent people. Either will be cheaper than risking giving credit to unknown businesses
Good luck
No credit if you want to avoid being scammed. However it is possible in some countries to get export finance from the Government when dealing with financially strong companies and government contracts abroad.
Do you really want to do business with a customer who can not pay the bill?
If you wish to trade with that type of customer find an agent in the target market or set up a subsidiary in that country staffed with competent people. Either will be cheaper than risking giving credit to unknown businesses
Good luck
17 Mar 2008 07:39
Post 9 of 21
Replying to [Madhur_Agarwal]:
No credit, because of not knowing throughly of the buyer, only T/T full payment before shipment or deposit or other payment terms depends on different cases.
If you give them the credit, it is very risky and big pressure for your finance that cannot be afforded by every company.
We have to be more careful to proceed on!![[em1]](http://img.alibaba.com/images/eng/style/icon/emoticons_smile.gif)
![[em18]](http://img.alibaba.com/images/eng/style/icon/emoticons_deal.gif)
No credit, because of not knowing throughly of the buyer, only T/T full payment before shipment or deposit or other payment terms depends on different cases.
If you give them the credit, it is very risky and big pressure for your finance that cannot be afforded by every company.
We have to be more careful to proceed on!
18 Mar 2008 02:27
Post 10 of 21
Replying to [Madhur_Agarwal]:
Hi Madhur,
Credit is good but we need cash.
Hope you will not allow credit, even if the buyer is a good payer. I have been there and until now I cannot collect the payment.
Unless , you want this , " The way to succeed is to double your failure rate."
Hi Madhur,
Credit is good but we need cash.
Hope you will not allow credit, even if the buyer is a good payer. I have been there and until now I cannot collect the payment.
Unless , you want this , " The way to succeed is to double your failure rate."
18 Mar 2008 05:13
Post 11 of 21
Replying to [Trollslayer]:
Dear Friend
Thanks for the valueable advice.
I think your idea is good. Only that finding a good Agent is one of the most difficult task.
What do your feel?
Madhur Agarwal
Dear Friend
Thanks for the valueable advice.
I think your idea is good. Only that finding a good Agent is one of the most difficult task.
What do your feel?
Madhur Agarwal
18 Mar 2008 05:48