Getting Paid for Exports

2018-05-24T15:12:54+00:00August 31st, 2016|

Non payment is a concern for any business. The problem is far greater in International Trade due to the fact that the supplier and buyer are located in different countries.  The following are key considerations for companies who sell overseas: Will I get paid?  Is the buyer creditworthy? Consider credit checks and trade references Do [...]

A Guide to Avalised Bills of Exchange

2018-05-24T15:14:45+00:00August 15th, 2016|

What is an Avalised Bill of Exchange? Bills of Exchange are widely used throughout the world for settlement of debts, however in their normal form they do not guarantee payment by the drawee (debtor). To obtain such a guarantee of payment it is necessary to have the bill guaranteed by a bank, normally the drawees [...]

The Top 5 Letter of Credit Tips for Exporters

2017-03-19T09:07:57+00:00August 4th, 2016|

Check that you have incorporated all costs, including bank transaction charges and confirmation fees (where applicable), into the final sales price. Ask your own bank for a copy of their trade services tariff. We have produced a guide to bank charges which you may find helpful. Please note that this is a general guide based on [...]