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Q: Letter of Credit. EU (Netherlands) - China ( No Answer,   1 Comment )
Question  
Subject: Letter of Credit. EU (Netherlands) - China
Category: Business and Money > Finance
Asked by: daan4321-ga
List Price: $20.00
Posted: 30 Jun 2006 07:50 PDT
Expires: 30 Jul 2006 07:50 PDT
Question ID: 742327
Hello,

I can?t find it on the Internet.

I want to import SD Cards from China, to the Netherlands.

I want to pay the supplier of the SD cards, whit a letter of credit (L/C).

- How much cost a letter of credit? How much do they charge.
- Which banks or companies offer a letter credit?
- What is the taric code of a SD card?

Thank you!
Answer  
There is no answer at this time.

Comments  
Subject: Re: Letter of Credit. EU (Netherlands) - China
From: myoarin-ga on 01 Jul 2006 03:51 PDT
 
Any major bank in the Netherlands should be able open a commercial
letter of credit for.  Try your own bank, since it will know you.  It
is your creditworthiness   - or cash deposit for the amount -  that
the L/C represents.

Here are a couple of sites about L/Cs, in case you are not familiar with them:
http://www.expertlaw.com/library/finance/letter_of_credit.html
http://www.crfonline.org/orc/cro/cro-9-1.html

The procedures and documentation are the same throughout the world, of
course, but her is a Dutch bank's site:
http://www.finansbank.nl/finansbank/netherlands/english/corporate_banking/trade_finance/letters_of_credit/

You will have to ask the bank about the pricing.

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