How come Planet Polymers does not accept Letters of Credit?
We have experienced very high charges levied upon us by banks. After paying advising charges, negotiation charges, reimbursement costs and other ‘miscellaneous’ charges accrued we end up paying over 12% of the Invoice value in these costs. We always try to keep a focus on competitive pricing, and this does not allow us any margin of profit to afford these expenses. We will accept Letters of Credit from you if the Credit allows all banking charges in the U.S. to be on account of applicant.
