Quoting from [GoldStar]:
Replying to [zealotwan]: I suggest you did say that as I would not have commented on the point you made.
GoldStar, IM sure your talking about this line buy Zealotwan
"Under this term, the collecting bank does not hold any undertaking to make payment to the seller's bank."
I agree with Zealotwan no where in his statement does he say that the bank will release the documents to the buyer without a payment only that under the terms they can't compel the buyer to make the payments. Its an easy mistake to make as your just getting turned around by Zealotwan's terminology.
BR,
Ranger
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