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bank guarantee

We are registered in one multinational company, they will issue the po and agreed to pay downpayment 30% against bank guarantee and 70% cash against documents.The seller is asking for the L/c with partial shipment allowed ,,finally seller agreed for 70% CAD and 30% advance. We cannot provide the bank guarantee,BUT we have the source who can provide,,is it possible to get the bank guarantee from the source to our name and then we transfer the BG TO the buyer,when we receive the amount we transfer the same to the source and he opens the l/c to the actual supplier?

Posted on 2013-02-15 01:04:39

All Answers

CAD is Cash Against Documents

2013-02-15 01:04:39

You must consult bank executive as they will help you.     1 hour loan | 1 hour loans | 1 Hour loans from Cash in 1 Hour     

2013-02-15 01:04:39

Maybe,you can consult a bank .be calm,nothing serious

2013-02-15 01:04:39

Sorry, I know CAD drawing software, but I don't know CAD about payment terms. So I can't give any advice to you.

2013-02-15 01:04:39