Payment & Security

Information on preventing fraud, building relationships, negotiating deals, as well as tips for safe trading.

Editors: bmpc

TT (Telegraphic Transfer), DP bill etc. vs. LC (Letter of Credit)

BACK TO BACK LETTERS OF CREDIT

by Catalyst on Jul 11, 2007

The original LC and the one issued against it are independent. See how it works.
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Using a pro forma invoice will help to increase your profits

Subject
Counterfeiting in China: common practices and cures Author: Resources on Feb 13, 2006 20:30 Comprehensive information on how counterfeiters operate in China.
Sourcing Stories: Negotiation strategies: Just how are prices set? Author: Resources on Jan 23, 2006 01:11 The more you know, the stronger you will be.
Back-to-back letter of credit Author: Resources on Jan 10, 2006 22:23 What is a back-to-back letter of credit and how to arrange one.
Starting an import-export business Author: Resources on Jan 10, 2006 21:52 Practical advice to starting an import-export business.
Supplier requests payment through Western Union or by bank transfer only! Author: Resources on Jan 10, 2006 21:39 Using Western Union or bank transfer depends alot on your relationship with your supplier.
How do you know an escrow service is trustworthy? Author: Resources on Jan 10, 2006 21:30 Explores the core issues of using escrow.
Buyer requests sample Author: Resources on Jan 10, 2006 19:53 Further discussion on samples.
Currency fluctuation: protecting yourself Author: Resources on Jan 10, 2006 19:51 The pitfalls of currency fluctuation as a small bsuiness.
Protecting yourself from fraudulent sellers Author: Resources on Jan 10, 2006 19:34 Five great tips for staying ahead of the fraudsters.
What is telegraphic transfer (T/T)? Author: Resources on Jan 10, 2006 19:28 Commentary on the options open to you when conducting a TT payment.

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