My company has received an order valued at €15,000 for the supply of goods to a company that will not get a credit account from us.
What is the recommended method within business to guarantee payment after a period of 30 Days for the supply of goods to a limited company that another company is unwilling to give 30 days credit too. Both companies are registered in Ireland. Can a Letter of Credit or similiar bank guarantee be used in a national businees transaction rather than an international one. Any info would be appreciated.
What is the recommended method within business to guarantee payment after a period of 30 Days for the supply of goods to a limited company that another company is unwilling to give 30 days credit too. Both companies are registered in Ireland. Can a Letter of Credit or similiar bank guarantee be used in a national businees transaction rather than an international one. Any info would be appreciated.