Shipment.
the goods expected,
as quoted and ordered.
way or another, or special
circumstances prevail over normal trade
practices (e.g., goods manufactured to
buyer-only specification).
CREDIT (L/C)
(See next two items)
must match the L/C
Dates must be carefully headed.
"Stale" documents are unacceptable for collection.
in conforming to terms, conditions, and
documentation. Consult your United
Shipping Partner to determine feasibility of Terms and conditions.
IRREVOCABLE
CREDIT
is made, documents presented to the bank.
double assurance of payment. Depends on the terms of the L/C.
made, but relies on
exporter to ship goods as described
in documents. Terms may be negotiated
prior to L/C agreement,
alleviating buyer's decree of risk
payment (usually a U.S. Bank) prevents
surprises, and adds assurance that issuing bank has been deemed acceptable by confirming bank. Adds
cost and an additional requirement to seller.
IRREVOCABLE
CREDIT
to seller's bank may still take one week to
one month.
and conditions mutually agreed upon.
(with documents against acceptance)
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To provide worldclass international shipping transportation and associated services.