1) - Bank will charge you issue L/C fee, normally $145 more or less upon on how many you issue annually
2) - When L/C cash in, bank will charge you f--k commission, 0.5 -1% also upon on your quantity of L/C annually plus other fee. If you do more, you can argue about this cost, make fix amount per L/C
3)- FEDEX cost $8 - 25.00 upon on your credit, amount in year, and also term on shipment, next day or second,third days.
4)- if you firs time do L/C, bank will ask you full security by cash. If you loan it, cost you interst.
5) - if L/C is not acceptable, you do. Cost you another acceptable fee by bank, China suppliers always do it,count this charger on your book, but argueable.
All of above cost are between 450 -750 per $60,000 -80,000 L/C. If your L/C amount less, rate will be higher.
Final word, bank only guarantee you all of paperwork issue by supplier as same as your L/C requirement. Bank does not guarantee shipment is real or faith.
RISK EITHER
2) - When L/C cash in, bank will charge you f--k commission, 0.5 -1% also upon on your quantity of L/C annually plus other fee. If you do more, you can argue about this cost, make fix amount per L/C
3)- FEDEX cost $8 - 25.00 upon on your credit, amount in year, and also term on shipment, next day or second,third days.
4)- if you firs time do L/C, bank will ask you full security by cash. If you loan it, cost you interst.
5) - if L/C is not acceptable, you do. Cost you another acceptable fee by bank, China suppliers always do it,count this charger on your book, but argueable.
All of above cost are between 450 -750 per $60,000 -80,000 L/C. If your L/C amount less, rate will be higher.
Final word, bank only guarantee you all of paperwork issue by supplier as same as your L/C requirement. Bank does not guarantee shipment is real or faith.
RISK EITHER
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