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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.