In a new perspective, delaying payments among the big companies up to 120 days (as opposed to 30 to 60) becomes a preferred financial strategy so to speak despite the approach brings some undue stress to the suppliers, where most of them are small to medium-sized companies. Does the move proved to be effective for both parties? …
The type of company/party that is essential to a business. There are different types of suppliers existed with their own capabilities, matched well with different types of business available in the market. …
For a successful business expansion (international-wise), a lot of factors you need to take into account, with a thorough research to ensure that the odds are in your favor. …
Currently there are different types of letter of credit used, depending on the situation or interest. Not surprising since it’s one of the most popular type of payment used in both domestic and international transaction. …
Which common Incoterms used frequently around the world? Referring to the latest version of Incoterms, there are 11 different sets of trade codes that you can use, with each of them have their own distinct procedures, risks, and ‘who pays what’ that you can use as part of your decision making process, when exporting or importing products. …
