The Best Letter of Credit Mode of Payment for International Trading Business

I have been into International type of work and business for about 8 years, i have learned many things about how to safeguard the buying and selling at international schemes.

For me the best Letter of Credit (LC) to use in for buyer and seller LC at Sight for the reasons which states below:

- Letter of Credit @ Sight is 100% safe to both buyer and seller

- It is safe, fast and secure

- There is a negotiating bank as a middle bank coordinating between buyer's bank and seller's bank

- There is advantage for Buyer to pay the amount to their bank up to 120 days credit limit or in banking worlds they call it "credit Facilities"

- Payment is immediately can be credited to Supplier's Bank upon presentation of required documents to Negotiating Bank for as long that documentary presented is clear, concise and accepted as per Buyer's Bank instructions or requirements.

- In the start it is really difficult but once you get use to it, it is like receiving Cash faster than telegraphic transfer mode of payment.

Hope the above information helps...More will be given later!

KSM

Comments

Certificate of Employment - Sample

As an HR Generalist, i used to work with all HR related documentations, and below is one of my creation while i was working in a Aluminium Manufacturing Industry. You can re-use it by changing only the required text to change which is obvious which needs replacement and what should need to add: Tnx for Reading KSM

Sample of Import & Export Monitoring Sheet Form

Dear All, While i was trying to consolidate all my import-exports sheets i have come to this summary wherein i can monitor all the in and outs including buying-selling of goods for each shipments of products. Please have a look, you might able to use the same format if your a Trader or Distributor or Wholesaler. Just wanted to Share something effective to monitor imports and exports for Traders like me!!! From KSM

2012 UAE Holidays

List of 2012 UAE Holidays International New Year’s Day New Year 2012 Sunday, 1 January 2012 Mouloud – Birth of the Prophet Mohammed Sunday, 5 February 2012 Israa & Miaraj Night / Leilat al-Meiraj – Ascension of the Prophet Sunday, 17 June 2012 Start of Ramadhan Friday, 20 July 2012 Eid al-Fitr – End of Ramadan, 3-days public holiday Eid 2012 Sunday, 19 August 2012 Monday, 20 August 2012 Tuesday, 21 August 2012 Arafat (Haj) Day Thursday, 25 October 2012 Eid al-Adha / Qurban – Feast of the Sacrifice, a 3-days public holiday Qurban 2012 Friday, 26 October 2012 Saturday, 27 October 2012 Sunday, 28 October 2012 Al-Hijra / Hijri New Year’s Day – Islamic New Year Thursday, 15 November 2012 UAE National Day – a 2-days public holiday Sunday, 2 December 2012 Monday, 3 December 2012 ____________________________________________________________________________________________________________________ Should you have queries or comments, please don&

Money, Business, People, Travel and Pleasure

Search This Blog