RNR Trade Corporation Company Limited

In the market, there are many payment methods available. And, among them, Document against payment is one of the most modernized options. Are you an owner of a large-scale business? You can buy goods with the help of Document against payment (DP) . The involvement of two parties, the exporter and importer. They use DP as a safe and convenient method. Here, we will talk about the advantages of Document against payment (DP). So, let’s begin! What Is The Involvement Of Importer And Exporter In Document Against Payment? The exporter delivers the draft to his bank, and the importer makes all the returns from his/her bank. It is a secure and reliable transaction process. The exporter delivers the items to the importer. And send the collected documents to the importer and clear the debt from the importer bank. Then, the importer’s bank delivers the cash draft to the exporter’s bank. And, in the end, the exporter receives the payment sent by his bank. Advantage Of Document Against Payment Docu

Letters of Credit fall under the old system of banking. It depends on the creditworthiness of an anonymous buyer. Then it gets replaced by the reliability of known issuing banks or financial institutes. The financial institutes often have to help the customers with the information of letters of credit . Therefore, if you are a beginner and need help consult with the experts. Different Types of Letter of Credits and Their Benefits Letter of credits also commonly known as Documentary Credit. However, there are various types of Letters of credit, but people are more familiar with import or export letters of credit. Benefits of Import Letters of Credit Accessible to the International Trade Network. Experienced and Expert Trade processing service facility. Offers the facility of financing against Assignment of Export Letters of Credit. How Does The Import Letters of Credit Works? The Buyer and Seller apply for a sale contract. Then PO/PI gets issued by the buyer to the supplier. The Buyer p

A financial guarantee is a contractual assurance made by an entity, a bank, or other insurance company to guarantee the payment. They ensure about the debt obligation of another individual - such as a financial institute or a business. Moreover, the financial guarantee is a type of warranty that gets attached to a bill. A person can offer a financial guarantee. For instance, when a parent co-signs a loan for their child's future. What Do You Mean by Financial Guarantee? Let’s take a common example of a financial guarantee - when an insurance company offers a guarantee for bonds invested by the industry for financing. The insurance company confirms that the bond buyers will get their principal investment and interest. If there are any mishaps with the payment, they will get back the payment.   Different Types of Financial Guarantees Available In many situations where you might need a financial guarantee. Moreover, there are other sources of financial guarantees as well - individuals