RNR Trade Corporation Company Limited

Are you affiliated with the business? If you involved in import and export business, then this article is appropriate for you. Here you will, get a solid information of document against payment. Do you want to learn more about it? Then keep scroll down this page. Document against payment Document against payment is an international trade procedure. Here the exporter sends the sight draft to his bank and importer clears all payment through his/her clearing bank. It is an easy transaction process. People, who involved in export and import business, use this payment process. Now read the below points and know the advantage of using this payment process. Advantage of document against payment It is an updated payment method. Those who are involved in a large-scale business, they can buy goods in this payment method. Document against payment less pricey than letter of credit. The document against payment is a system under which a seller instructs the prese

Bank guarantee is an agreement or a promise between three parties - the bank itself, the applicant, and the beneficiary. It helps to have a beneficiary’s vetting for your business. It is actually a guarantee letter which states that in case the applicant (buyer) defaults or escapes from its responsibility the bank of Thailand will provide the currency (up to a limit mentioned in bank guarantee). By reading the intro, you must have realized how helpful the bank guarantee is.   However, in today’s article, we will define it widely. Keep scroll down this page. Advantage of a bank guarantee in Thailand Go through the below mention points and you will easily understand the benefits of using a bank guarantee service in Thailand. At first you have to know that it is a promise. It is a written promise between the bank and the applicant. As a buyer you can enhance your business, you can buy your goods from others. Here the bank offers to stand as the guarantor on behalf of a