Comments on: Problems with “Letters of Credit” and international trade http://sjeltur.nl/problems-with-letters-of-credit-and-international-trade The world according to Sjeltur Sun, 22 Jan 2012 19:54:52 +0100 http://wordpress.org/?v=2.9 hourly 1 By: Rudy http://sjeltur.nl/problems-with-letters-of-credit-and-international-trade/comment-page-1#comment-1261 Rudy Fri, 31 Oct 2008 09:53:43 +0000 http://sjeltur.nl/?p=1689#comment-1261 Thank you. :) I'm doing my best to write stuff here that's hopefully interesting. It's good to hear there are people out there that do appreciate my writing. :) Thank you. :) I’m doing my best to write stuff here that’s hopefully interesting. It’s good to hear there are people out there that do appreciate my writing. :)

]]> By: Sjeltur http://sjeltur.nl/problems-with-letters-of-credit-and-international-trade/comment-page-1#comment-1260 Sjeltur Fri, 31 Oct 2008 07:55:20 +0000 http://sjeltur.nl/?p=1689#comment-1260 @Fredy - well; you do pick all the articles of my friend Rudy.... - So = GOOOOOO RUDY - GOOOOOO !!! ;) @lcguy - I am agreeing with you. In the past I had to make a lot of L/C's ready. And even had to check them. TIME CONSUMING.... But a good alternative is not really there uh...?? But yeah - if a bank just do not want them out anymore (no matter if they are made correct or not). What can we do then...?? @Fredy – well; you do pick all the articles of my friend Rudy…. – So = GOOOOOO RUDY – GOOOOOO !!! ;)

@lcguy – I am agreeing with you. In the past I had to make a lot of L/C’s ready. And even had to check them. TIME CONSUMING….
But a good alternative is not really there uh…??
But yeah – if a bank just do not want them out anymore (no matter if they are made correct or not). What can we do then…??

]]> By: fredy http://sjeltur.nl/problems-with-letters-of-credit-and-international-trade/comment-page-1#comment-1259 fredy Fri, 31 Oct 2008 02:34:48 +0000 http://sjeltur.nl/?p=1689#comment-1259 Here are your good writing http://goldenfibonacci.com/?p=459 THX! Sjeltur Gooooo!!!!!!! Here are your good writing
http://goldenfibonacci.com/?p=459
THX!
Sjeltur Gooooo!!!!!!!

]]> By: Problems with “Letters of Credit” and international trade : golden fibonacci.com http://sjeltur.nl/problems-with-letters-of-credit-and-international-trade/comment-page-1#comment-1258 Problems with “Letters of Credit” and international trade : golden fibonacci.com Fri, 31 Oct 2008 02:31:58 +0000 http://sjeltur.nl/?p=1689#comment-1258 [...] Source ; Sjeltur.nl [...] [...] Source ; Sjeltur.nl [...]

]]> By: lcguy http://sjeltur.nl/problems-with-letters-of-credit-and-international-trade/comment-page-1#comment-1257 lcguy Thu, 30 Oct 2008 16:18:36 +0000 http://sjeltur.nl/?p=1689#comment-1257 I believe the trend has been for quite some time to prefer other methods of payment to LCs, since LCs are complicated. In LCs you need to carefully create documents (bill of lading, commercial invoice, insurance certificate) all of which is time consuming and error prone. Nevertheless, in a time of little trust, the LC at least addresses the relationship between buyer and seller, shipper and consignee. In prepayment the buyer finances the whole operation, with tight credit markets, buyers might not be in a position to prepay. When applying for an LC the buyer at least can provide collateral in the form of a bill of lading representing the goods. I believe the trend has been for quite some time to prefer other methods of payment to LCs, since LCs are complicated. In LCs you need to carefully create documents (bill of lading, commercial invoice, insurance certificate) all of which is time consuming and error prone.

Nevertheless, in a time of little trust, the LC at least addresses the relationship between buyer and seller, shipper and consignee. In prepayment the buyer finances the whole operation, with tight credit markets, buyers might not be in a position to prepay. When applying for an LC the buyer at least can provide collateral in the form of a bill of lading representing the goods.

]]> By: Sjeltur http://sjeltur.nl/problems-with-letters-of-credit-and-international-trade/comment-page-1#comment-1245 Sjeltur Wed, 29 Oct 2008 10:52:24 +0000 http://sjeltur.nl/?p=1689#comment-1245 This will mean more and more pre-payments..... And via those pre-payments the banks do get more money.... and with that money - they are able to put out LCs again... I wish it would be this simple.... :( But if companies do want to keep doing business; we have to get back to "trusting the blue eyes"; as our companies old bookkeeper would cal it.... This will mean more and more pre-payments…..
And via those pre-payments the banks do get more money…. and with that money – they are able to put out LCs again…

I wish it would be this simple…. :(

But if companies do want to keep doing business; we have to get back to “trusting the blue eyes”; as our companies old bookkeeper would cal it….

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