Beste Highio,Dit is wat ik van een klant heb gekregen.
however I noticed that you mentioned about 50% of T/T in advance and LC.
Kindly please be reminded that our client/the buyer can only work with
open accounts terms with insurance credit coverage, due to bad past
experiences especially, got with the Asian market and the fact is that
for such a long term business, our client would not wish to have any
blockages in the delivery cycle caused by temporary lack of cash flow.
On the issue of LC we also advised that with our banks here the process
takes a lot of time coupled with the fact that a lot of money is required
in both bank charges and Government taxes.
But most importantly, is the requirement by our banks for the blocking
of an equivalent amount involved until the end of the process. This is
will not acceptable to our client due to the need of cash flow on a daily
basis.
Please as it is now on, you will have to confirm with us that you agreed
to work on open account terms, on open credit with insurance credit
coverage, then we can advise our client
to wait until your insurer’s approval of our client’s credit worth. .
However we shall be waiting from your important response/message with an
advance that we send our client’s Audited financials for your insurers to
check the credit worth of our client, our client shall wait until the
end of approval that has been carried done by your insurers.