How To Evaluate The Credit Value Of Foreign Buyers?

In fulfilling a new client. Exit Before the order, the exporter must thoroughly examine his credit. reputation 。 Most importantly, importers must have enough records to track queries and have the ability to pay. The exporter shall ask the buyer to provide a set of audited financial statements and accounts for the past three years, including the income statement, balance of payments and cash flow statement, and the next six months. Finance Forecast.

These materials should be readily available to foreign buyers, because if they borrow the same amount of money from banks, they must provide similar materials. It is particularly important to verify the authenticity of these statements and the auditor's sense of responsibility, because sometimes the documents submitted will be forged.

Exporters may also require banks to contact foreign buyers' banks or other corresponding local banks to obtain information on the company's financial and market aspects. Some banks have cooperative relationships with independent research companies. Such companies as Dun Bai consulting, EXTEL, REUTERS, etc., can provide financial and market information for all the companies in the world. The information and opinions obtained can help exporters to further determine the credibility of foreign importers' credit, but can not guarantee that foreign importers will fulfill their obligations. Therefore, the exporter may ask the importer to provide a payment guarantee issued by the bank, which guarantees that the exporter can fully fulfill his contractual obligations as payment terms, for example, the guarantee of the importer's Bank, if the exporter fully fulfills the obligations stipulated in the contract, he will be paid.