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My professional expertise is International Banking, concentrating on the areas of Money Transfers/Payment Systems and Int`l Trade Finance. Due to the high amount of travel my job requires, I am competent to give information concerning "Business Travel" as well.

Experience in the area

I have over 18 years of combined Banking/Trade Finance experience. Spreading over 4 continents. Having spent 5 years at Wells Fargo Bank provided me with a solid background in banking. After that, I moved to Israel and worked in Import/Export for 3 Years. Followed by another year as the resident expert in trade finance for the Jerusalem region of a medium sized bank. Capitalizing on my proficiency, I moved into the high-tech world where I remain today as a Business Analyst/Project Manager/Consultant for Payment Systems and Operations Risk.


Certificate in Speech Communications, AA in General Business. Both from Mission College, Santa Clara - California. BS in Int''l Business/Bus. Admin. From San Jose State University, San Jose - California

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    K = Knowledgeability    C = Clarity of Response    P = Politeness
Shaunak04/23/11101010Thank you very much Mr. Barr
Rotem03/23/11101010Thanks for the detailed answer, It led .....
Ken Winkelman02/16/11101010Excellent responce and very timely.

Recent Answers from Richard Barr

2016-03-28 International LC -- payments in tranches?:

Hi Hank,    It's an interesting question.   We have to remember that L/Cs are only tied to paperwork. Partial payment made against partial delivery is easy to document & easy to specify in an L/C, as the

2014-08-15 Goods Transaction Advice needed..:

Hi Mike,    It's entirely up to your bank on whether or not they require collateral for a letter of guarantee. If your bank requires it, you'll either have to convince your bank to forgo the collateral

2011-04-19 payment terms - d/p:

There's no capital risk as the documents cannot be given to the client without them paying the invoice. However if the buyer decides not to take delivery of the goods, you could be stuck with your cargo

2011-03-22 Starting an import business with a little initial funds:

Hi Rotem,    Have you factored in import customs and shipping costs when looking at your expenses?  Have you gauged market demand?  If you've done both of these and still think the products are winners


Hi Sandi,    Your buyer is unwilling to work with a L/C? That could be a warning sign. Does he refuse due to the nature of his banking relationships? If so bad news. Is it because the deal isn't actually


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