Below
are the guidelines to buyers applying for letters of credit:
 |
A full set of documents of title to the merchandise. |
|
An inspection or analysis by a third party - SGS
Government. |
|
A performance bond (outside the United States) from the seller's
bank. |
|
Determining the trustworthiness of a previously unknown seller
before applying for a letter of credit. This information can
be obtained from a number of sources, including banks, embassies,
trade associations, and the International Chamber of Commerce. |
|
Clear and precise descriptions of commodities, with quantity
and unit costs. |
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Checking
