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Ex-Import Procedure(to Way of Payment) |
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Export-Import procedure according to the Letter of Credit(L/C) method
- L/C is a certificate that arranges instructions of applicant's request with prescribed documents and recourse to pay the beneficiary or the instructor, make payment on the bill of exchange that is issued by the beneficiary or let other banks to take over, make payment on that bills of exchange or authorize to negotiate.
- There are irrevocable documentary credit and revocable documentary credit in documentary L/C.
Export-Import procedure according to the Irrevocable Documentary Credit method
Market Research
- In order to achieve the best and maximum result with a minimum expense and a risk, you must
understand the general status of the target markets through the documentary records and thoroughly investigate the details of the handling products .
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