em1]Quoting from [Leo chengcheng]:

Hi ,good day,you are chinese,aren't you?i am chinese too,and i have been in foreign treading  only a short  time,so can i make friend with you ? thank you

                     best regards for you

                                                                 yours tiramina

Quoting from [Buffet]:


hi the meaning of cif is cost insurance and freight of goods is already included in the price which have coted to you

Quoting from [tiramina]:

em1]Quoting from [Leo chengcheng]:

hi ytou can send me your msn than we can chat online

Quoting from [al-kareem]:

Quoting from [Buffet]:



hi the meaning of cif is cost insurance and freight of goods is already included in the price which have coted to you

CIF: MEANS COST, INSURANCE, FREIGHT.

SBLC: MEANS STANDBY LETTER OF CREDIT

BG: MEANS BANK GUARANTY.

Quoting from [Buffet]:

I requested a qoute from a supplier and in his response he indicate a price together with the letters CIF ASWP-SBLC/BG. What does this mean? Thanks

Quoting from [Phantomy]:


Replying to [Aussie]:Hi,

I was interested to find out why you would not buy CIF (unless...).


I am new to this industry: I would have through that, as long as it is CIF with an L/C, the L/C would protect the buyer in case of any issues. Is this correct, or not always?

Does a D L/C offer less protection?


thanks for the info.

the L/C truely would protect the SELLER of payment risks and CIF (Insurance) Will protect the BUYER of deivery of goods risks.

what's the meaning of DLC (Documentary Letter of Credit?) it's the same with LC or DC or LOC or Credit.

Quoting from [Anshul]:


Replying to [int786]:What is meant by CIF ASWP? I understand CIF but this ASWP - Any Safe World Port, it this any port name or it means any port in the World? i.e seller will pay the Cost, freight and insurance to any safe port where buyer desire.

Exactly, seller will ship to any safe poprt in the world.

Quoting from [tiramina]:

 Hi,

            Goodday gentleman I saw your discussion , The word LC or DLC have different types conditional, Clean and ofcourse the  red clause LC . The safety of your goods bought and the goood delivered very much on the LC.

For Example there is an inspection done by your representative at the port of loading to ensure what you ordered is delivered and the other way is the Surveyor or International Inspection body SGS etc issuing certificate that the gooods are in good order and condition..

SBLC ( Stand By Letter of Credit) this is mainly issued for project and contract orders like a delivery of 12 months etc. Long term delivery business.

BG (Bank Guarantee) is used to for credit enhancement or for the comfort level for the buyer & supplier.

APG ( Advance Payment Guarantee) this is very good you can get credit for your business or somewhat like pre-shipment loan.

PG ( Performance Guarantee) This is mainly used for the performance of clients a small amount normally 2% of face value of LC is given in the event of non performance it goes to the buyer who establish the LC for the gooods.

Any other help or enquiryt is welvome

KRK Samy Singapore 93613083

 

em1]Quoting from [Leo chengcheng]:

Hi ,good day,you are chinese,aren't you?i am chinese too,and i have been in foreign treading  only a short  time,so can i make friend with you ? thank you

                     best regards for you

                                                                 yours tiramina

Quoting from [s_tishtar]:

Quoting from [Buffet]:


I requested a qoute from a supplier and in his response he indicate a price together with the letters CIF ASWP-SBLC/BG. What does this mean? Thanks

Quoting from [grigo]:


Replying to [Buffet]:

CIF = Cost, Insurance, Freight. The Sellers pays all charges until the cargo arrives at your Port.

ASWP = Any Safe World Port.

SBLC = Stand By Letter of Credit (talk to your bank about this)

BG = Bank Guarantee (Talk to your bank about this too)