Amazon’s European tax issues have always been a hot topic in the e-commerce industry, especially after sellers on the UK and German sites were successively deprived of their sales rights, the VAT tax issue has set off a small climax. A series of questions followed, what is Amazon VAT tax? What are the regulations and…
Many sellers on the Japanese site don’t know how to write emails when communicating with Japanese buyers. This article will share with you several email templates for thanking buyers. You can send them during holidays. My condolences, hope this helps you all. Template 1: I feel the sound insulation I can still talk about this…
After receiving the documents from the designated bank, confirming bank or beneficiary, the issuing bank shall complete the document review within 7 banking days and make a decision on whether to pay the amount of the letter of credit before the end of the 7th working day. If the documents are qualified, the issuing bank…
In recent years, the eBay e-commerce platform has developed rapidly and has a large number of users around the world, so it has attracted many sellers to settle in eBay and open stores to sell products. In order to ensure the quality of service, the eBay platform has put forward a series of requirements for…
To ensure safe collection of exchange, the beneficiary should try to make the documents comply with the provisions of the letter of credit. Therefore, the type, name, number of copies, content, issuance time, and identity of the issuer of the documents should be consistent with the terms of the letter of credit. If the content…
1) Confirmation of Letter of Credit Confirmation of letter of credit may be caused by the beneficiary’s dissatisfaction with the credit standing of the issuing bank, or by the issuing bank’s active request. However, in any case, only the issuing bank has the right to instruct another bank to add confirmation to the letter of…
When opening a letter of credit by telex, you should also pay attention to the following three possible problems. (1) The validity of the telex document and the necessity of mailing the confirmation letter. In the past, when letters of credit were mostly opened by telex, in order to prevent the loss or error of…
Two-step verification using a security key or biometricsNote To use this form of authentication, you need to migrate your Shopify account to use Shopify ID. You can use a WebAuthn-compliant security key as a second verification method to log in to your account. To enable two-step verification using a security key, you need a compatible…
The issuing bank issues a notice of arrival of documents and payment to the applicant After receiving the negotiation documents from the negotiating bank, the issuing bank shall issue a notice of arrival of documents and payment to the applicant, requiring it to pay the issuing bank in time to redeem the documents in accordance…
Designated bank for payment, acceptance or negotiation After receiving the documents from the beneficiary or its entrusted bank, the designated bank or confirming bank shall promptly examine the documents required by the letter of credit with reasonable prudence. If there are documents not required by the letter of credit, the bank has no obligation to…