Request pre-shipment inspection when using letter of credit
Published: 04 Aug 2009 23:33:02 PSTby Tekle Sebhatu
Question:
When I bought with a letter of credit, I found stones in the package. Can I get my money back? Which steps would you do before you start a business? How can I understand that the seller is not real, or what would you do to check the seller?
Answer:
Unless you specifically request a pre-shipment inspection, you can find anything including trash that the seller sends you in a letter of credit transaction. If done correctly, pre-shipment inspection will help you from receiving the wrong goods. As to getting your money back, Good Luck!
Starting a business requires careful planning and considering the following:
- Form of organization
- Trade name and log
- Opening a bank account with an international bank
- Establishing your office
- Office equipments
- Business printing needs
- Accounting and taxation
- Obtaining financing
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