Advantages and disadvantages in foreign trade
The great advantage of the letter of credit is the additional security that two contracting parties achieve in commercial transactions. By involving a bank, both the buyer has the security that the money will not be debited until all conditions are met. Likewise, the seller has the security that he will receive the money for his goods.
The disadvantages of a letter of credit are the increased administrative costs and the fees that the banks have to pay. The amount of the fees depends on the respective bank and is usually around three percent of the total amount of the documentary credit. It is possible for the buyer and seller to share the costs of the documentary credit. After all, both benefit from the additional security of their transaction.
The letter of credit in the retail trade for private individuals
Those who use online payment systems such as PayPal to shop on the Internet rely on a modified form of the documentary credit. In this case, you instruct PayPal to pay a merchant an amount in Exness. You have concluded the purchase contract with him yourself. PayPal transfers the money to the merchant's account in trust. In return, you receive the ordered goods at the agreed conditions. PayPal then debits the invoice amount from your deposited account.
The difference to letters of credit in foreign trade is that PayPal can act both for the merchant and for you as a payment advice bank and opening bank in one. Thus, in this case, a letter of credit can also only be processed between three actors.
Possible types
In practice, different forms of documentary credits are agreed upon. These types are briefly presented below. They can be roughly differentiated with regard to their performance, the obligation and the conditions.
- Documentary/Commodity L/C: The most common form of documentary credit in foreign trade today is the Letter of Credit (L/C). In principle, this is an abstract promise of debt by a bank that is detached from the underlying transaction. The effect of the letter of credit is linked to both the presentation and the successful verification of the documents defined in the contract. The documentary letter of credit is also known as a goods letter of credit. In this case, the corresponding goods documents must be available so that the bank can disburse the money to the recipient.
- Confirmed and unconfirmed letters of credit: Letters of credit can additionally be confirmed by the exporter's bank. In this way, another security function is added. The confirming bank (exporter) can then help out with a payment if the opening bank cannot make a payment for certain reasons. Thus, both banks are liable for a confirmed letter of credit, whereas only the advising bank is liable for an unconfirmed one.
- Cash letter of credit: The cash letter of credit is a special form of letter of credit, as it is not bound by documents. Therefore, it is also called a smooth, open or simple letter of credit. Today, the letter of credit is rather rare. For a long time it was used for cashless, international payment transactions, for example when travelling. With a letter of credit, the bank pays out an amount of money to one customer and charges the amount to another customer. Today, international money transfers work similarly with providers such as Western Union.
- Forbearance letter of credit: This letter of credit includes a payment term. Otherwise, the same conditions apply as for a documentary credit. This means that corresponding documents must be available for successful payment.
Please Submit a job scope to schedule your trimarc install or delivery.
Receiving
Please notify us via fax at (770) 447 – 9368 or email at [email protected] of shipments you are scheduling for us, identifying the carrier and shipper prior to the shipment arriving at our location.
Send all LTL, truckload and UPS/Fed-Ex shipments to:
YOUR NAME – PROJECT/SIDEMARK
C/O TriMarc Installation
5952 Peachtree Industrial Blvd., Suite 2
Norcross, GA 30071
All LTL and truckload shipments must call us at (770) 447-9308, 24 hours prior to delivery.
Customer Pick-ups: Monday – Friday, 8:00AM – 3:30PM (Closed 12PM – 1:00PM).Minimum 24-hour notice for customer pick-up.
Receiving Rates:
- Inspection Fee:$10 per item
- Receiving Fee:$10 per item
- Uncrating Inspection Charge: $35
- Storage Rates:$2.00 per square ft. (first 60 days FREE), assessed on first of month
If TriMarc Installation pays COD Freight, a 15% handling fee will apply.
Customer Pickups
Customers may pick up items Monday – Friday from 8:00AM until 3:30PM
Minimum 24-hour notice for customer pick-up.
$10/piece dock charge for pick-up by another carrier or customer pick-up.
TriMarc is not responsible for damages incurred due to improper loading or type of vehicle used.
Installation
If you need specialized installation services for your project, look no further than TriMarc Installation. We have the experience to get the job done right, on time and on budget.
If purchasing through ADG Interiors, a brand of Atlanta Design Group:
- For all ADG Home orders over $5,000 receive one FREE hour of installation,
-
$15,000 receive two Free hours of installation
The following terms apply:- The one hour cannot be split up.
- Balance of invoice must be paid in full before TriMArc can schedule and install.
- If client elects to pick up their ADG Home order instead of taking advantage of the installation, the customer pick-up will be FREE. For ADG Home orders under $5,000, there is a $10.00 pick-up fee for each piece or carton.
- Free receiving will be provided:Upon receipt, we will open, inspect and blanket wrap each piece, remove cartons and await further instructions. A Receiving Report of the pieces received will be faxed or emailed to the client within eight business hours of receipt. We do this for non ADG Home items too.
Other Charges and Fees
- Minimum Hours: One hour minimum per installation project
- Fuel Charge: None
- Assembly Fees: See hourly rates above
- Trip Charge: $35 flat fee per trip within the metro Atlanta area
- Out-of-State Installations: Please call us at (770) 447-9308 for a quote
- Art Installations: When art is purchased from Patrick Allen Art, a Brand of ADG, the installation fee is reduced to $50/hour for a 1-man crew or $70/hour for a 2-man crew; otherwise, the standard hourly rates apply.
- Cancellation Fee:A $100.00 cancellation fee per scheduled hour for installations, deliveries, or on-site pickups if cancelled within 36 BUSINESS hours of scheduled appointment.
- Crating Fees: $75.00 per crate
Installation and Drive Time Rates
| Regular | Overtime (after 8 hours) | |
|---|---|---|
| One man and a truck: | $80/hour | $110/hour |
| Two men and a truck: | $120/hour | $160/hour |
| Three men and a truck: | $155/hour | $210/hour |
| Four men and a truck: | $190/hour | $255/hour |
| Four men and TWO trucks: | $220/hour | $285/hour |
| Five men and TWO trucks: | $260/hour | $335/hour |
| Six men and TWO trucks: | $295/hour | $380/hour |
| Additional men: | +$40/hour | +$50/hour |
| Additional truck: | +$30/hour | +$30/hour |
Freight Service
We have negotiated competitive freight rates with regional and national freight carriers. Take advantage of our discounts by using our freight carriers to ship. We can arrange to ship your items to and from our facility. TriMarc Installation is invoiced directly eliminating the need for CODs. Please visit our Contact Us page or call us at (770) 447 – 9308 for your next shipment.
Delivery & Pickup Rates:
- For Trips Inside of I-285:$65 for up to three items $10 for each additional items
- For Trips Outside of I-285:$95 for up to three items $10 for each additional items
Furniture Repair
It happens, and we can help!
- On-Site Repairs
- Furniture Repairs
- Structural Repair
- Finish Repairs
- Color Matching
- Scratch Repair
- Antique Restoration & Refinishing
Crypton Fabric Protection Service:
| Chairs: | $20 – $59 |
| Sofas: | $79 – $89 |
| Sectionals: | $169 – $207 |
Please call (770) 447-9308 to learn about our furniture repair service.
