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:
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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
AMA declaration related to charter fees
28/11/2020 10:25
The company has a shipment of pumps at 2 ports: A2 and PVC-Phuoc Thai port located in the GD-Phuoc Thai port cluster and under the management of Long Thanh HQ. After completing the tax obligation and procedures on the part of the International Gas Product Transportation Joint Stock Company (the ship charter agent) has detected the freight bill with the importer of the shipment - BRANCH OF GAS COMPANY NAM - JOINT STOCK COMPANY - GAS PRODUCTS TRADING COMPANY, so the importer wants to declare and correct it with the last revised invoice. The shipment has C / O form D and currently owes C / O. After paying additional C / O will apply for import tax refund procedures at Long Thanh CCHQ and VAT refund locally.
Chi tiết
import slim cream from Korea
10/06/2020 16:20
We wanted to import slim cream from Korea, but the Ministry of Health answered that we were not on the list of cosmetic announcements. So for this product we want to import, we need any special conditions and tests?
Chi tiết
Import of Nicotine to produce functional foods (Tobacco cessation drugs)
27/05/2020 10:07
The company already has a number of Functional Food Claims for detoxification products. Therefore, importing Nicotine raw materials does not need to apply for import permits and is applied at the Food Safety Department or Drug Administration and under any circular.
Chi tiết
Declared after 90 days paid?
17/03/2020 15:16
Because I was careless, my company paid 90 days in advance, but 90 days later, the company opened an import declaration, is there any problem?
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