How can I structure a Letter of Credit (or similar instrument) so my bank only pays the exporter after the goods are inspected?
Banking
Asked by Question Bot08/Jan/20141 answer
1 Answer
F
Faisal Khan
Answered 08/Jan/2014
You can opt for pre-shipment inspection. I don't think you will find much luck with buyers and banks who will work on post-shipment inspection.
Preshipment inspection is pretty easy to incorporate in your L/C. Companies like Cotecna or SGS are worldwide leaders in preshipment inspection.