أنشئ حسابًا أو سجّل الدخول للانضمام إلى مجتمعك المهني.
Successful transaction rules and procedures is Letter of credit and insert the terms & condition for protection of paymentm in L/C.
Transaction made against proforma invoice through supplyer bank.
Thanks for invitation,
In general the rules and procedures for the most successful transaction, even manually or online are:
1- To be simple to be easy understood by users.
2- Needs the fewest steps.
3- A very well secured.
4- Totally matched with environment.
5- Easly reviewed and posted or proceeded.
6- Has its own soonest feedback to all parties concerned.
And regarding the best payment method in the "Commercial Environment"
1- From the buyer's point of view, is the "Documentary Collection".
2- From the seller's point of view, is the "Advance Payment".
3- From both sides point of views, is the "Letters of Credit", which mitigate risk not only for both sides (Buyer and Seller), but also for all partsconcerned including banks.