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.
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
|Shaunak||04/23/11||10||10||10||Thank you very much Mr. Barr|
|Rotem||03/23/11||10||10||10||Thanks for the detailed answer, It led .....|
|Ken Winkelman||02/16/11||10||10||10||Excellent responce and very timely.|
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
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
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
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