Business Finance. Letters of Credits for imports from China. Assistance please

[Rudolf289]

[FONT=&quot]One of my clients is involved in imports (primarily China) and exports of clothing (world wide)

They are looking at arranging Letters of Credit for their imports from China. As I am sure you are aware, traditional finance for L/C’s through the Irish Banks is virtually impossible. The client is now looking at a number of trade specialists that offer Letters of Credits, but to be honest, I am not 100% sure as to the credibility of some of the companies offering services.

Is there abybody in this group with experience of Letters of Credit / Business Finance Support that can make suggestions or provide contacts / recommendations of companies that can provide assistance ? The current L/C’s he is looking at are in the region of Us$ 500K. Also, how could they perform due diligence to ensure that they are placing the business with reputable companies ?

Any suggestions or recommendations welcome

Cheers,
Rudolf289

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[Purple]

Have you contacted ISME, IBEC, or the Ireland-China Association (www.irelandchina.org)?

 

[Rudolf289]

Have you contacted ISME, IBEC, or the Ireland-China Association (www.irelandchina.org)?

Hello Purple,

thanks for the suggestion. Will recommend to the client to contact ISME and IBEC and will contact Ireland-China Association myself.

Thanks,
Rudolf289