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Re: Controlling The Letter of Credit Transaction
Controlling The Letter of Credit Transaction [Article]
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Post 1 of 12
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Controlling The Letter of Credit Transaction [Article]
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18 Apr 2008 00:26
Post 2 of 12



As someone who is totally new to the international business scheme, this article is of invaluable help and educational to say the least!  I learn more everyday thanks to Alibaba.com and the great folks who are its members. Thanks alot.

Louis Greer...T&L Thai Products

 

14 Aug 2008 07:47
Post 3 of 12



Thumbs up with this article, especially with a beginner like me. i learned a lot! now i know what to do..thanks...

 

01 Sep 2008 20:39
Post 4 of 12
Quoting from [Safe Trading Admin]:

Exporters expecting to be paid under a letter of credit (referred to in this article as "LC" or "Credit") may be sadly disappointed. Although an LC is considered one of the most secure means of obtaining prompt payment for sale of goods, clients who are exporting should be made to understand that they can never totally control the ...



Valuable informations even for those are experts on the subject.

Is very easy to forget small details and regret after ...

Very good article!

Regards to all,


Pedro G. Jaber Montini

Pethra Trade & Mining Corp.

Panama | Brazil

24 Sep 2008 19:25
Post 5 of 12
The Article is correct and very helpful. It is just very important that you do not choose a bank that goes bankrupt [em3]
20 Oct 2008 11:37
Post 6 of 12

Great Article.


But I would like to inquire how to rely on LC's in the present times, where the liquidity crunch is a major concern, banks are getting bankrupt and credit agencies rating are found to be of no meaning.

How can we trust to work with the LC since most of the major banks around the globe are going bankrupt or on verge of filing the bankruptcy.

Theres no material safety in working with LC. Even getting confirmation added to the LC's may not serve any purpose, since the LC Confirming banks may not be safe as well.

Please advice.

 

 

 

31 Oct 2008 11:17
Post 7 of 12
 

A internet investigate company

 

In on-line trade,  you are only requested pays first  then to obtain the cargo, but too many swindlers on-line, they will use every good condition to tempt you, the price is such appealing.

 

Therefore you had agreed purchases several products to try, and paid money. But afer 10 days your  t received notthing . You were swindled. .

 

 

 but B2BFBI, he may avoid your loss! www.b2bfbi.com In on-line trade too many scammer supplier , www.b2bfbi.com , he can help u

 

08 Nov 2008 07:29
Post 8 of 12
 

A internet investigate company

 

 

In on-line trade,  you are only requested pays first  then to obtain the cargo, but too many swindlers on-line, they will use every good condition to tempt you, the price is such appealing.

 

 

Therefore you had agreed purchases several products to try, and paid money. But afer 10 days your  t received notthing . You were swindled. .

 

 

 

 

 but B2BFBI, he may avoid your loss! www.b2bfbi.com In on-line trade too many scammer supplier , www.b2bfbi.com , he can help u

 

 

08 Nov 2008 07:29
Post 9 of 12
Quoting from [Safe Trading Admin]:

CONCLUSION

Clients should understand that in working with LC's, it is most important to get good advice from the outset, to learn the rules of the game, and to proceed with great care. Once mistakes have been made, too often they are irreparable and costly.

 



Thank you for your usefule suggestions,we would benefit a lot from your article[em1]
14 Feb 2009 23:18
Post 10 of 12
It's very nice to reading this article. It's make me remember my Mojor.Nowaday even a Farmer can do the export .Just because of the Fuc*ing T|T.

04 Mar 2009 23:52
Post 11 of 12
Very good article for exporters. Hope to see more such articles coming.


10 Apr 2009 00:24
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