Phòng 01, Tầng trệt, Tòa Nhà Flora, Số 59 Đường 19, Khu Phố 19, Phường An Khánh, TP.HCM
ĐT: 0988 6666 87 Hotline: (028) 22335566
Email: info@logisticsh-a.com
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May I ask about the revolving letter...?
Question: May I ask about the revolving letter of credit and its advantages and disadvantages for importers and exporters?
Answer:
Recirculating L / C is an irrevocable letter of credit whose value is reproduced many times as soon as the previous payment obligation is fulfilled. Recirculated letters of credit are often used in payments with familiar customers, with a stable quantity and category of goods sold for a long time. The advantage of a circular letter of credit is that the buyer only needs to open 1 L / C for both the order and the exporter does not have to wait for a new letter of credit.
Pros: The use of L / C is a secure payment method because there is a third party (credit institution / commercial bank) to pay for the buyer, so the risk of not paying the seller It is very difficult because opening a letter of credit is a complicated witnessing process itself
Disadvantage: Periodic L / C is quite long (several years), and periodic L / C is a non-cancelable (irrevocable) L / C, so using periodic L / C should also accept the Company's financial risks, while still having to import goods when the situation of enterprises or markets causes instability
Bài viết khác
ENTER STONE SIDE (FOR WOODEN FURNITURE)
27/06/2020 09:47
The company produces wooden products and wooden furniture parts for export. Currently, the party imports natural stone items for use on table tops and furniture cabinets. However, the company does not know which HS code is appropriate to declare the import declaration. We sincerely hope the Customs agency advises our company, so that we can do import procedures
Chi tiết
Procedures for importing landline phones
06/06/2020 10:06
We are an export processing enterprise operating in the field of manufacturing components and spare parts for cars that are about to import a shipment of wired mobile phone (about 5 pieces) for internal use within the Enterprise. . The company wants to ask if this imported consignment needs an import permit? Is there a state quality control?
Chi tiết
The company has 1 shipment 12 cont , has been liquidated and shipping company has 12 cont. However...?
05/07/2019 10:11
The company has 1 shipment 12 cont , has been liquidated and shipping company has 12 cont. However, when the container is dropped on the ship, the shipping company detects that the cont is broken and silicon is injected. (When we receive the cont, we have discovered and requested the repair and injection port of silicon, the inspection is satisfactory, so we close it. ), the shipping company reports consignee and that party does not agree to load this cont. Now the carrier has loaded 11 containers on board, leaving 1 cont. Is it possible to correct the clearance and reduce the amount of dragging to 1 cont? Or must I leave 12 unloaded cont?
Chi tiết
Procedures for exporting chalk writing tables?
16/05/2019 15:51
Procedures for exporting chalk writing tables?
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Phòng 01, Tầng trệt, Tòa Nhà Flora, Số 59 Đường 19, Khu Phố 19, Phường An Khánh, TP. H
C
M
0988 6666 87
info
@logisticsh-a.com
Hotline:
(028) 22335566
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0988 6666 87