On: July 21, 2002 By: Hank Selby
An assist occurs when an importer of foreign merchandise provides something of tangible value to the producer or supplier of that merchandise. You may be required to pay duty on the value of that assist. We explain.
On: May 19, 2002 By: Chris Lidberg
If you decide you need to use a confirmed letter of credit to ensure that you will get paid for your export, you need to make sure that your bank will add their confirmation. Here are some reasons they might not want to confirm.
On: March 10, 2002 By: Chris Lidberg
The trade letter of credit is intended to be a payment tool. The standby letter of credit is just the opposite. It is not intended to be drawn upon.
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