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Article #10

Re: "Form of Agreement" for buying/selling on the net

#10
From: JP
Date: Sun, 28 Sep 1997 00:00
19 lines
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Why are you going to these extremes ? There are perfectly good "Basic"
Buy/Sell contracts in force for international trades at present. If it
is protection by both parties (Fear of not getting paid or fear of not
receiving goods paid for) that is required, then there is always the
time honored document called "Letter of Credit".

Your bank will help you draw one for a nominal fee. With a L/C buyer can
specify to the letter the goods for purchase, even method of shipment
and proof thereof including delivery if required. Seller can satisfy
himself that the terms of the L/C are acceptable and if in agreement,
knows that he will be paid by the ISSUING Bank when the conditions of
the L/C are fulfilled to the letter.

Simple and around since the Roman times....



John @ Alexco USA
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From: JP <jprince9@mail.idt.net>
Subject: Re: "Form of Agreement" for buying/selling on the net
Date: 1997/09/28
Message-ID: <342F4A59.327E@mail.idt.net>
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