Why this supplier won’t accept a letter of credit?

My supplier in China insists on having payments for ordered goods as follows: 10% T/T + 90% L/C while my home bank asked me to insist on paying for ordered goods by 100% L/C. My Chinese suppliers turned down payments by 100% L/C and I cancelled the order. Why do you think my Chinese suppliers…

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How not to Lose Money when Sourcing from China

Thanks for your question. You wrote:   I need help or advice on how not to lose money in buying after sending LC, to be sure the contents of the box or ship is as per agreed same and quality of products that we agreed How not to lose money when sourcing from China. Sometimes…

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Q & A With Dr. Roberto Bergami Discussing Letters of Credit

Recently we had a great oportunity to ask a few questions to Dr. Roberto Bergami, International Trade Senior Lecturer at Victoria University in Melbourne Australia.  He has specialized in methods of payment and delivery from a risk management perspective and was gracious enough to offer his expertise on these issues.  He has also provided a…

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