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Do you accept a Letter of Credit L/C for large wholesale orders?

Posted On: 2014-01-11 15:41:00 ; Read: 762 times

In most cases we advise to split up larger wholesale orders of branded merchandise and OEM/ODM manufacturing jobs into sub-batches:

By setting up an umbrella purchase agreement covering the entire lot and then dispatching the material in several sub-batches upon payment of each single batch we are able to reduce risks for both buyer and seller while avoiding the complications involved in a L/C transaction.

For you as the buyer, this means that you can make sure that the quality of our merchandise is meeting your requirements with every delivery and before you release payment for the next batch in line. At the same time you benefit from the lower wholesale prices of the purchase agreement.

This helps us to significantly reduce costs and administrative overheads, as Letter of Credits are not only requiring higher administrative efforts but mostly also come with an array of various fees such as charges for issuance of the L/C, negotiation of documents, reimbursements and others.

For more information on purchase agreements for larger wholesale orders please contact us.


 

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