- 889 takes title/ownership of products to remove risk from our clients.
- Our multi-lingual team provides on-the-ground inspection and quality control in China.
- We provide logistics management, including import/export documentation, customs brokerage and transportation from Asia to clients’ locations.
- Clients are assigned a multi-lingual project manager, based in the U.S., who ensures goods are manufactured to their exact specifications and are delivered on time.
- 889’s extensive contacts throughout China provide our clients with the unique ability to manage risk by working with trusted, quality manufacturers.
Financing
The recent growth of the global marketplace brings with it opportunity and thereby inherent risks for both buyers and sellers. The goal for sellers of course, is to be paid promptly without having to initiate long-distance collection procedures. Buyers want to know that the merchandise they order will arrive on time and in good condition.
Today's economic and political uncertainties highlight the need for businesses involved in international trade to understand methods of payment, their benefits and risks. Buyer and seller negotiate payment methods based on factors such as the amount of the sale, credit standing of the buyer, foreign exchange regulations in buyer's or seller's country, industry customs, competition and opportunities for repeat business. The length of time the two parties have worked with each other and the amount of trust built during that time also affect the payment methods they will find acceptable. Common payment methods are listed below:
- Cash in Advance (Prepayment)
- Documentary Collection
- Open Account
- Letter of Credit (L/C)
- Standby Letter of Credit (SLC)
- Commercial Letter of Credit
How are you going to get paid for your export sales and which payment method is best suited for you?
How can you ensure that you will receive the goods you have ordered and what is the best mode of payment?
There are traditional payment methods used in international trade, which one is best for you?
These are the most common questions when it comes to International Finance. 889 Global Solutions will help you select the best possible method of payment. We will also explain the risks involved with each method and once the choice is clear we will put you in contact with our trusted colleagues at an appropriate financial institution.