RNR Trade Corporation Company Limited

Have you just started your business? Well, there’s no secret that for a small business owner, it’s hardly possible to invest a huge capital for your company. That’s why you should take a glance at every small opportunity that you can use as a tool for your business growth. Most business entrepreneurs look for an import letter of credit in Vietnam for their business growth when there’s any financial crisis. It can help your company out of any critical condition. Also, business investors and clients will take interest in your business as well. Are you finding this post interesting? If yes, scroll down the page and keep on reading today’s post! What Is A Letter of Credit? Letters of credit are a kind of banking itself. The buyer’s banks assure the seller of remitting the amount on his bank using the letters of credit. The entire transaction depends on the contractual agreement between the seller and the buyer. This mechanism is also known as Documentary Credit as well. Anyway, there are d...

Letter of credit is an assurance given by the buyer’s bank to send the amount to the seller through seller’s bank on maturity, according to the terms and conditions of the document based on the contractual agreement between buyer and seller. However, Import Letter of Credit is one of the safest systems of importing goods in Thailand, and it allows the buyers to control shipping dates or facilitates a shipment schedule. If you want to expand your global business with safe payment, then you have to know about import letter of credit in Thailand in details. Carry on reading the upcoming passage to learn more. Documents usually required under an Import letter of credit         A bill or draft         Commercial invoice         Customer invoice         Bill of lading         Certificate of origin  ...

Payment guarantees for business is not a secret. As a business owner, you may agree to experience a few situations when you can’t set many of your business dealings because of payment. You are not an exception, right? Then, why don’t you go for financial guarantees? It is one of the best alternatives to carry on your financial settlements even in the crisis. The financial guarantee can assure you to get loans from a bank or any non-bank financial company. Well, while applying for financial guarantees in a financial company, you will get acquainted with a variety of guarantees. If you are going to apply for such a guarantee for the first time, having no idea is quite natural. Make sure to know all the details before visit any bank or NBFC in this regard. Know different types of financial guarantees A financial guarantee involves a contract or deals with a bank or any non-bank financial company. While facing a financial crisis, you can apply here for loans. The banks or NBFC compani...

The nonbanking financial companies have been helping in financing various lines of business in an incomparable manner. And that is why in Thailand, a large number of business owners are developing an interest in dealing with the nonbanking financial companies. In the following passages, you can learn how these financing companies help with a non-performing letter of credit in Thailand. What is Non-performing Letter Of Credit? A guarantee of payment is issued by a bank for a client that is called ‘payment of last resort’ if the client fails to fulfill a contractual agreement with a third party. The non-performing letter of credit, also known as standby letters of credit is developed as a proof of good faith in business payments. These documents are also regarded as proof of a buyer’s credit quality and repay capabilities. The bank responsible in issuing the standby letter of credit aka non-performing letter of credit will perform a concise underwriting duty. This will assu...