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Business Finance. Letters of Credits for imports from China. Assistance please

RUDOLF289 · 2011-05-09 22:46:16

One of my clients is involved in imports (primarily China) and exports of clothing (world wide) They are looking at arranging Letters of Credit for their imports from China. As I am sure you are aware, traditional finance for L/C’s through the Irish Banks is virtually impossible. The client is now looking at a number of…

09-05-2011 10:46pm

#1

RUDOLF289

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Join Date: April 2009

Posts: 787

One of my clients is involved in imports (primarily China) and exports of clothing (world wide)

They are looking at arranging Letters of Credit for their imports from China. As I am sure you are aware, traditional finance for L/C’s through the Irish Banks is virtually impossible. The client is now looking at a number of trade specialists that offer Letters of Credits, but to be honest, I am not 100% sure as to the credibility of some of the companies offering services.

Is there abybody in this group with experience of Letters of Credit / Business Finance Support that can make suggestions or provide contacts / recommendations of companies that can provide assistance ? The current L/C’s he is looking at are in the region of Us$ 500K. Also, how could they perform due diligence to ensure that they are placing the business with reputable companies ?

Any suggestions or recommendations welcome

Cheers,
Rudolf289

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