Many kinds of risks may be met by foreign traders, six major points should pay attention!

There are mainly six kinds of risk for export foreign exchange receipts:
1. Due to inconsistent shipment specification, date and contract, it will bring the risk of foreign exchange collection.
The exporter doesn’t deliver goods according to the contract or letter of credit:
First, because of the something wrong of production, it caused late delivery;
Second, it replaces the contracted products with products of similar specifications;
Third, the transaction price is low. It replaces the good product to the defective one.

2. Documents with bad quality causes the risk of foreign exchangeAlthough the letter of credit of foreign exchange settlement has played an important role in protection, if it shipped, payment are not consistent with the documents and the documents are not in compliance, even if the buyer agrees to pay, it will incur expensive fees of international communication and inconsistent problems. the time for collecting foreign exchange is greatly delayed, In particular, for a smaller amount of contracts, there will be losses.

3. Risks caused by the pitfalls stipulated in the credit.
Some regulation of letters of credit is that the certificate of inspection is one of the main documents for negotiation. The buyer will focus on the eager of shipment, showing picky on purpose. At the same time, they provide various payment possibilities to induce companies to ship. .......

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