Hi all,

Like to find out in FOB trade, what will happen if my buyer or my seller declare bankruptcy? What are the steps to do to protect the company's interests?

Thanks for your attention" border="0" src="http://img.alibaba.com/images/eng/style/icon/emoticons_smile.gif" />

Quoting from [cleo]:

Hi all,

Like to find out in FOB trade, what will happen if my buyer or my seller declare bankruptcy? What are the steps to do to protect the company's interests?

Thanks for your attention" border="0" src="http://img.alibaba.com/images/eng/style/icon/emoticons_smile.gif" />

     Dear Sir

NOMATTERyou choose the FOB or CIF  all the risks depend on the terms of payment  if you choose the LC maybe you do not worry about  because the bank will

in charge of payment