Giới thiệu

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
PROCEDURE FOR IMPORT OF FRESH COCONUT SHELL 17/10/2020 10:06 The company wants to import raw coconut shell for raw materials to produce smoke-free BBQ charcoal. 1 / Raw raw coconut shell products are allowed to be imported? If allowed, what should the import procedures need to pay attention? Have any special documents been obtained / provided? 2 / HS code of coconut shell? 3 / Legal documents refer to when importing this product? 4 / Is there any other regulations imported from South Africa? Chi tiết
Holiday Notice 31/03/2020 14:18 Logistics H-A Co., ltd would like to inform that we will be closed due to Hung King’s 
Commemoration Day on Thursday, April 2nd, 2020
Chi tiết
Câu hỏi: Tôi có lô hàng xuất sang Nhật Bản....? 10/03/2020 08:30 Câu hỏi: Tôi có lô hàng xuất Nhật trên Hợp đồng có thể hiện 2 bên Seller và Buyer đã làm tờ khai xong, chưa gửi SI và VGM nhưng bây giờ nhà nhập khẩu yêu cầu thể hiện thêm Consignee, notify khác với byuer là tới 4 bên, Vậy Hợp đồng tôi có cần chỉnh sửa gì không? Và tôi phải thể hiện những gì trên Invoice. Packing List và Bill of Lading hay là thể hiện cả 4 bên đồng nhất chứng từ? Chi tiết
Recovering imported cheese products from France due to E.Coli infection 20/03/2019 09:11 The French regulatory authority has requested the recall of affected products. Based on this announcement, the Ministry of Industry and Trade requests State inspection agencies for imported food designated by the Ministry of Industry and Trade to notify individuals / businesses of recalling the cheese product with the trade name HARDY. AFFINEUR, imported batch numbers from 10-13 to 10-33, imported from France in case the individual / importer registers for state inspection at the agency. Chi tiết
Phòng 01, Tầng trệt, Tòa Nhà Flora, Số 59 Đường 19, Khu Phố 19, Phường An Khánh, TP. HCM
 
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