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you probably dont give a damn but does anybody know a method to get back into an instagram account?? I somehow forgot my login password. I appreciate any help you can offer me
Very informative and helpful for me. This can be a alternative solution since my client wants 100% TTR againts BL, P.Invoice, packing list, analysis report. I can propose this D/P as alternative solutions for the mode of payment.
Thanks this has helped me understanding international payment methods better. Also fun drinking game idea: take a shot every time you say the word "bank"
Hi, what a great video! Really easy to learn. Really appreciate that. With this method, how to ensure the goods which exporter send is in accordance with the sales contract? If the exporter send the goods with the lowest quality of product, who is responsible for that?
Thanks for your video. A question, if the terms are FOB (Exporter's Port) and Exporter books Account Receivables the time goods are handed over to the Shipping Company, i.e., goods are now on the vessel. How many days practically would it take for the exporter to get the funds and cancel its account receivable in its books of accounts under this example.
So if both customers and suppliers both trust each other, there is no need for DP at all right? No other benefit we could have apart from 'trust'' right?
Very informative video. I have been seeing all your videos and they are proving to be very useful. But have the following doubts on this one: 1. Should the collecting bank be the bank be the bank where the importer has an account or it can be any bank? 2. How is it ensured from the importer side that no one else apart from him can make the payment and take docs to get cargo? 3. What is the procedure if the shipper decides to sell the goods to someone else?
1. About this one Im not sure. 2. NO ONE IN THE WORLD can get the cargo from the transportation company without the documents, even then - they will hand it only to the one who is predefined to be the receiver on the BILL OF LADING or who represents himAlso, the bank will never hand the documents to anyone who is not the predefined buyer. 3. In which circumstances? When the buyer doesn't show up to collect the documents?
@@sagar23781 The procedure is simple, get the documents back from the bank - replace them in new documents for a new reciever - and thats it. (Especially bill of lading).
@@sagar23781 If seller wants to secure receiving his payment he should aim to use the irevocable letter of credit (LC) payment method. Which is very similar to D/P, only that here the bank is responsible and gurantees the payment anyway, regardless the buyer showing up or not.
Banks don't care about the actual commodity but only about the documentary regarding it. The only thing the bank cares about is that you pay against the documents you receive, and it doesn't matter what those documents really represent, only what they are said to present. If you want to know for sure the goods are in good conditions you would want to first of all get samples, secondary, if you really need to make sure you can hire an inspection company (every country in the world has inspection companies that provide the service of checking the quantity and quality and giving a final opinion on the commodity to you, the importer, as their customer, before the cargo is loaded on the transportation vehicle). Take in account that inspection companies can be an expensive deal and sometimes won't be worth it. So your best bet is, as said before: (1) Get samples, never make your first order big and expensive, (2) Take in account that whatever cash you pay you risk losing by getting a low quality commodity, so don't bet your underpants on it.
Exactly the same, only that the importer pays X% of the price in advance. And the rest of it in D/P. It is possible to combine different payment methods, as long as the buyer and seller get to an agreement :)
The importer not paying the amount is the exporter's risk in using D/P as the goods are already shipped. Therefore, this may incur additional cost for the exporter to ship back their goods or find a new buyer(importer) in a foreign land
Nothing would happen to the importer. This is the disadvantage for the seller in D/P - the importer can just never show up, he can regret the deal and get out easily. As an exporter you can take the following steps to avoid or reduce your risk in that case: (1) Demand part of the payment in advance - before sending the goods, (lets say the amount that it would cost you to ship it forth and back to your home country, in case the buyer won't show up in the bank to collect the documents. (2) Second option is to use the IRREVOCABLE LETTER OF CREDIT (LC) payment method, which is pretty similar to D/P - only that the buyers bank is responsible and gives a guarantee to pay the seller even if the buyer won't pay. (3) Note that as long as the documents are not collected by the buyer - the commodity legally remains in the hands of the seller, he can simply can it back to his home country or find another buyer in the importing country.
They don't. Banks don't care about the actual commodity but only about the documentary regarding it. The only thing the bank cares about is that you pay against the documents you receive, and it doesn't matter what those documents really represent, only what they are said to present. If you want to know for sure the goods are in good conditions you would want to first of all get samples, secondary, if you really need to make sure you can hire an inspection company (every country in the world has inspection companies that provide the service of checking the quantity and quality and giving a final opinion on the commodity to you, the importer, as their customer, before the cargo is loaded on the transportation vehicle). Take in account that inspection companies can be an expensive deal and sometimes won't be worth it. So your best bet is, as said before: (1) Get samples, never make your first order big and expensive, (2) Take in account that whatever cash you pay you risk losing by getting a low quality commodity, so don't bet your underpants on it.
If you like our video, please give us a thumbs up. Also we appreciate your comments or feedback. More videos will be coming soon , please click subscribe to this channel if you like to receive any updates regarding any new videos
you probably dont give a damn but does anybody know a method to get back into an instagram account??
I somehow forgot my login password. I appreciate any help you can offer me
You have explained topic in lucid manner. Anyone can understand
Thanks for your comments
Very informative and helpful for me. This can be a alternative solution since my client wants 100% TTR againts BL, P.Invoice, packing list, analysis report. I can propose this D/P as alternative solutions for the mode of payment.
Thanks for the diagram. It makes it way easier to imagine.
Thank you 👍.. your explanation and especially that picture learning is very good ❤❤❤
Thanks this has helped me understanding international payment methods better.
Also fun drinking game idea: take a shot every time you say the word "bank"
Best explanation
You explained it so easily.
Excellent presentation!
I will have a final exam in the next week. Thank a lot madam!
thanks for your comment
Such a clear explanation thanks mam 🙏🙏
Thank you so much i finally got it. Please keep making this types of videos. Subscribed!
Thanks for the sub!
Very clear and useful - Thank you
thanks for your comment
So good, nice block diagrams
Thank u so much!!!!Very simple to understand thanks!!!
thanks for your kind comment, is there any other topic that you would like to see me address in this youtube channel?
Crisp and clear
thank you for the clear explanation of this process 👍
This is very useful. Thank you very much
Wooow! Super helpful… subscribed ✅
good job, please keep making new videos about import/export
Hi..Thanks for the information.its very simple to understand..Please make video on bill of exchange.how it is prepared and what it's importance?
Hi Pravin , thanks for your comment. I'll add that into my list of video to be produced
We useful madam
God bless you madam.
thanks for your comment
Lucid explanation!!
I'm looking for a job in exporting! great work
thanks for your comment
thank you，great video
Very simple to understand thanks
prashant kumar thanks , is there any subject or topic that you would like to see me address in my RUclips channel
pure clear
Link for collection instruction not given
it is very good expelling of vid iou
this was so good. thanks a lot!
Thank you so much! Very clear explanations :)
thanks aaron ! is there any subject or topic that you would like to see me address in my RUclips channel
Thanks...it was really helpful
Thanks for your comments
Thank you for your video
Madam Great initiative I am grateful to you.Please make video on How to prepare Trade documents against LC I.e BL,PI,PL,CO,BOW humble request
thanks for your comment! i'll add that into my list of videos to be produced
Thank you so much! This helped me a lot :D
Jo Jo thanks for your comment ! What other kind of topics that you would find useful , let me know
Really useful, thanks a lot
This is really helpful
Good learning
thanks it was clear i wonder if there is risk
Very nice 👍
very informative...thanks....
thanks for your kind comment, is there any other topic that you would like to see me address in this youtube channel?
Thanks a lot
thank you for your comment
Hi, what a great video! Really easy to learn. Really appreciate that.
With this method, how to ensure the goods which exporter send is in accordance with the sales contract?
If the exporter send the goods with the lowest quality of product, who is responsible for that?
thanks for your comment !
In addition to purchasing goods from an exporter you trust, the importer should also include product specifications in the sales contract.
Thankyou
I can’t see the document samples
This is similar to sight LC right?
Thanks for your video. A question, if the terms are FOB (Exporter's Port) and Exporter books Account Receivables the time goods are handed over to the Shipping Company, i.e., goods are now on the vessel. How many days practically would it take for the exporter to get the funds and cancel its account receivable in its books of accounts under this example.
Where can I find the sample of Collection Instruction (Exporter Cover Letter)?
❤
So if both customers and suppliers both trust each other, there is no need for DP at all right? No other benefit we could have apart from 'trust'' right?
Yes. Its all about reducing risk with the cash you're paying (for the buyer), and for the commodity you ship (as a seller).
Very informative video. I have been seeing all your videos and they are proving to be very useful. But have the following doubts on this one:
1. Should the collecting bank be the bank be the bank where the importer has an account or it can be any bank?
2. How is it ensured from the importer side that no one else apart from him can make the payment and take docs to get cargo?
3. What is the procedure if the shipper decides to sell the goods to someone else?
1. About this one Im not sure.
2. NO ONE IN THE WORLD can get the cargo from the transportation company without the documents, even then - they will hand it only to the one who is predefined to be the receiver on the BILL OF LADING or who represents himAlso, the bank will never hand the documents to anyone who is not the predefined buyer.
3. In which circumstances? When the buyer doesn't show up to collect the documents?
@@barm4584
3. Yes when the buyer doesn't show up and exporter wants to sell to someone else
@@sagar23781 The procedure is simple, get the documents back from the bank - replace them in new documents for a new reciever - and thats it. (Especially bill of lading).
@@sagar23781 If seller wants to secure receiving his payment he should aim to use the irevocable letter of credit (LC) payment method. Which is very similar to D/P, only that here the bank is responsible and gurantees the payment anyway, regardless the buyer showing up or not.
What would importer do if goods are inferior quality than agreed or actual?
Banks don't care about the actual commodity but only about the documentary regarding it. The only thing the bank cares about is that you pay against the documents you receive, and it doesn't matter what those documents really represent, only what they are said to present.
If you want to know for sure the goods are in good conditions you would want to first of all get samples, secondary, if you really need to make sure you can hire an inspection company (every country in the world has inspection companies that provide the service of checking the quantity and quality and giving a final opinion on the commodity to you, the importer, as their customer, before the cargo is loaded on the transportation vehicle). Take in account that inspection companies can be an expensive deal and sometimes won't be worth it.
So your best bet is, as said before: (1) Get samples, never make your first order big and expensive, (2) Take in account that whatever cash you pay you risk losing by getting a low quality commodity, so don't bet your underpants on it.
Hi, how this works if an exporter want a advanced percent of the payment?
Exactly the same, only that the importer pays X% of the price in advance.
And the rest of it in D/P.
It is possible to combine different payment methods, as long as the buyer and seller get to an agreement :)
What happened if importer not pay the amount and don't take a delivery ?
The importer not paying the amount is the exporter's risk in using D/P as the goods are already shipped. Therefore, this may incur additional cost for the exporter to ship back their goods or find a new buyer(importer) in a foreign land
Also, by not paying, this means that the exporter still retains the title of goods as documents will not be released to importer.
Nothing would happen to the importer.
This is the disadvantage for the seller in D/P - the importer can just never show up, he can regret the deal and get out easily.
As an exporter you can take the following steps to avoid or reduce your risk in that case:
(1) Demand part of the payment in advance - before sending the goods, (lets say the amount that it would cost you to ship it forth and back to your home country, in case the buyer won't show up in the bank to collect the documents.
(2) Second option is to use the IRREVOCABLE LETTER OF CREDIT (LC) payment method, which is pretty similar to D/P - only that the buyers bank is responsible and gives a guarantee to pay the seller even if the buyer won't pay.
(3) Note that as long as the documents are not collected by the buyer - the commodity legally remains in the hands of the seller, he can simply can it back to his home country or find another buyer in the importing country.
How does importer know what they are receiving is in good condition
They don't. Banks don't care about the actual commodity but only about the documentary regarding it. The only thing the bank cares about is that you pay against the documents you receive, and it doesn't matter what those documents really represent, only what they are said to present.
If you want to know for sure the goods are in good conditions you would want to first of all get samples, secondary, if you really need to make sure you can hire an inspection company (every country in the world has inspection companies that provide the service of checking the quantity and quality and giving a final opinion on the commodity to you, the importer, as their customer, before the cargo is loaded on the transportation vehicle). Take in account that inspection companies can be an expensive deal and sometimes won't be worth it.
So your best bet is, as said before: (1) Get samples, never make your first order big and expensive, (2) Take in account that whatever cash you pay you risk losing by getting a low quality commodity, so don't bet your underpants on it.
hi from RP
hi back
👌👌👌👌👍👍👍👍👏
thanks