How to prevent the air way of credit risk
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A, for use in conjunction with other modes of payment. For example, require the buyer before shipment by T / T in advance a certain proportion of the payment, to spread the risks;
Standing two, strictly examine the importers, including the financial situation, operating conditions, payment records, in order to verify its credit lines, determines the size of the contract amount;
Three, strictly examine the open credit situation of issuing bank, to avoid the issuing bank deliberately find "discrepancies" protest, so that the buyer does not make payment for goods, resulting in money, the two air cargo situation, when necessary, may request to add its confirmation to the credit;
Four, if the goods amount is too large, may require partial delivery;
Five, the requirements will be air waybill consignee "made by the issuing bank / reimbursement instructions" (TO ORDER OR TO THE ORDER OF THE ISSUING/REIMBURSING BANK);
Six, strict and serious ground under the letter of credit to make documents, be "just the same, the document consistent with" terms in a document, not to give you any opportunity. And asked to cooperate closely in negotiating bank, the issuing bank / reimbursing a misfortune, to argue with each other, in strict accordance with the UCP500 and other relevant international practice, safeguard the legitimate rights and interests of our;
Seven, and air carriers and their agents in the destination to maintain close contact, because before the goods consignee, if the exporter is aware of any changes, the exporter / the shipper has the right to require the return or change of air carrier, consignee, or change the destination;
Eight, export credit insurance. Export credit insurance is a guarantee for the foreign importer business risks and / or political risk and give its exports caused by non payment of losses.