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
MST:
0312931533
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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
VERTICAL NAME OF EXPORT FOR FARMERS
13/07/2020 16:28
Currently, many banana growers in Trang Bom, Dong Nai want to sell goods to Chinese businesses but they do not have legal entities and can not put their names on the customs declaration. Therefore, they contacted us to hire us to export to them. However, after investigating the legal documents, we did not see any specific legal documents on this and we are not sure how to be able to register for export. These farmers because: 1. We cannot make trust contracts and make trust statements because people who deal with us are individuals. 2. If we are named in the declaration as the exporter, then it is borne that the money not paid through our account is because Chinese businessmen deal directly with farmers, do not transfer money through accounts. we. So, what will our unpaid return be later? Tax obligations will be like?
Chi tiết
IMPORT OF RAW MATERIALS USED IN AQUACULTURE
25/06/2020 13:44
The company is trading in complementary food products, environmental treatment used in aquaculture, currently wants to import goods belonging to the mineral group and amino acid group, both of which are in 2 groups. In Appendix II (Circular 26/2018 / TT-BNNPTNT), a list of chemicals, probiotics, microorganisms and feed ingredients allowed to be used in aquaculture in Vietnam. Does CFS need parties to import goods that contain minerals and amino acids as above?
Chi tiết
Can I open a import and export site?
29/05/2020 15:35
Two companies in Vietnam sell goods to the same customer abroad; - Company A (in Vietnam) has signed all sales contracts for company B abroad, company B has also signed a purchase contract for company C (in Vietnam). company B appoints company A to deliver goods to company C (company C assembles into a finished product) and then sells to company B (company C only collects the semi-finished part of company C). . 1 / In this case, company A and company C are in-house import-export procedures? 2 / If doing import-export procedures on-the-spot, does company C import semi-finished products of company A be subject to import tax? (if registered under A12 business type)
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How does the procedure for automatic fire alarm system import?
16/05/2019 15:38
How does the procedure for automatic fire alarm system import?
Chi tiết
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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