Reducing Risk when purchasing goods

Question

We procure goods from china and other places around the world. The line of work is furnishing properties to a high standard and often have to supply money up front.

How can we reduce their risk of default in case the supplier does not suppy the goods.

Answer

You can design an specific banking solution, even if there are upfront payments. If there´s enough margin you can sort out some kind of bank guarantee, i.e. an SBLC.

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