Read and apply
Snap & Get Blog – Where Experience Turns into Results
Snap & Get Blog – Where Experience Turns into Results
Errors in the contract are the main reason why you can not recover any penalties or losses.
SWIFT payments and traditional bank settlements remain the main tool for large contracts with China, but require competent support and preparation of documents.
Failure to ship is a common situation when working with China.
In this article, we will analyze three key payment methods – prepayment, letter of credit and factoring, their advantages, risks and recommendations for choice.