Export Recycled LDPE to China

Question

I own a trading company based in the UK which is a start-up business. I have received an enquiry from China for Recycled (Waste) LDPE and found the supplier from Malaysia and Saudi Arabia. My British company will buy the products from Malaysia and sell to the Chinese customer most likely through Letter of Credit.

My specific question is how to handle this process as a mediator in order that Chinese buyer do not find out the details of manufacturer as it will be through opening LC and providing some documents from the manufacturer for customs clearance in China is mandatory? Is there any way to switch the documents in the bank and give the necessary documents for clearance at Chinese customs from my British company?

Answer

Hi Meisam,

Unfortunately I cannot help with your original enquiry but can with any payments made or received worldwide. Please email if your interested at joecrook@ukforex.co.uk.

UKForex specialises in offering small-to-medium sized businesses the exchange rates, risk management products and service ordinarily reserved for large companies only.

As a UKForex business customer, you will be allocated your own, dedicated foreign exchange dealer who will speak with you about your business and it’s foreign exchange needs. From here, they will help formulate a plan to reduce your foreign exchange exposure.

Benefits of using UKForex to make international business payments:

Excellent exchange rates
UKForex has access to ‘interbank’ market exchange rates, meaning we can pass these excellent rates on to your business. This results in substantial savings.

Range of risk management products
UKForex offers a wide range of risk management products, including ‘forward’ contracts and ‘limit’ orders. These risk management tools ensure that there are no unpleasant surprises when your business makes international payments.

A personalised service
Your business will be allocated its own foreign currency dealer who will be on hand should you need them. This ensures you get the best FX solution for your business.

Top rate technology
UKForex is well known for its cutting-edge technology and easy-to-use, friendly online dealing platform.

Joe

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