International Activities Corporation can offer the seller or buyer of international
goods guidance in how to make the proper decision regarding their terms
of sale and payment negotiation. An exporter selling goods overseas may
be best protected in terms of payment by negotiating a letter of credit,
subject to the International Chamber of Commerce ("ICC") Uniform Customs
and Practice for Documentary Credits ("UCP").
Prior to Opening A Letter of Credit
Preparation of opening letter to buyer
Selection of letter of credit terms
Work-up of value quotation, terms of sale
Document preparation, flow, & planning system
Bank selection criteria & consultation
After Opening - Negotiation
Evaluation for proper terms
Amendment letters
Preparation & verification of commercial invoice, packing list, weight
list, etc.
Bill of lading (air / ocean / surface)
Special certificates as required
Preparation of bank drafts and bank presentation
Follow-up collection
Note: When you select a negotiating
bank for your letter of credit, do your homework and understand all
of
their fees!