Industry ministry documents

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
KỶ NIỆM 6 NĂM THÀNH LẬP – CÔNG TY LOGISTICS H-A 13/11/2020 09:25 Ngày 09 tháng 11 năm 2020 vừa qua, tại Suối nguồn 306A Nguyễn Trọng Tuyển, Phường 1, quận Phú Nhuận, TP.HCM Công ty TNHH Sản Xuất Thương mại Xuất nhập khẩu Logistics H-A đã tổ chức Lễ kỷ niệm 6 năm thành lập Công ty (09/11/2014 – 09/11/2020) trong không khí ấm cúng, vui vẻ. Chi tiết
Circular No. 22/2019 / TT-BTC of the Ministry of Finance 17/06/2019 11:19 Amending and supplementing a number of articles of Circular No. 12/2015 / TT-BTC of January 30, 2015 of the Minister of Finance, detailing procedures for granting customs declaration certificates; grant and withdraw codes of customs clearance agents; order and procedures for recognition and operation of customs clearance agents Chi tiết
What are the regulations for importing microbiological feed? 16/05/2019 15:13

What are the regulations for importing microbiological feed?

 
Chi tiết
LOGISTICS H-A COMPANY JOIN THE INTERNATIONAL MEDICINE EXHIBITION EXHIBITION 14/08/2018 15:38 Recently, on August 2nd, 2018, in Ho Chi Minh City, the International Exhibition of Pharmaceuticals and Medical Equipment took place - VIETNAM MEDI - PHARM EXPO for the 18th time, the event was organized by the Ministry of Health and Ministry. Industry and Trade presided over.
This is an annual event of the health sector to introduce advanced technology products of Vietnam's Medicine and Pharmacy sector and the world, propagating policies and laws of the Party and the State on Health work. .
With the theme "Joining hands to protect, care and improve community health", the exhibition attracted 350 businesses from 20 countries and territories such as Vietnam, India, China, Taiwan. (China), Korea, Malaysia, Japan, Germany, America, Singapore, Russia, etc. The products are mainly displayed: Medical equipment, Functional foods, Pharmaceuticals, ...
Coming to this exhibition, Logistics HA brings 3 lines of health protection food. Using natural materials, combining the application of advanced technologies in Japan, functional foods such as Collagen, Algae Lina Spina, MacaTochukaso ... with the desire to bring healthier product lines closer to the Vietnamese people.
Chi tiết
Phòng 01, Tầng trệt, Tòa Nhà Flora, Số 59 Đường 19, Khu Phố 19, Phường An Khánh, TP. HCM
 
 0988 6666 87        
 info@logisticsh-a.com                        Hotline: 
 
      
(028) 22335566
 
Hotline
Quý khách có nhu cầu vui lòng liên hệ
0988 6666 87