Payment terms, delivery time, order

Export company RODOORS SLOVAKIA EUROPE traded on the world market since 2001.
More than 12 years exporting our products to 35 countries in Europe, Germany, France,
Great Britain, Sweden, Denmark, Italy, Russia, also to countries such as Canada, Israel,
India and the Philippines.

Our goal is to expand to other countries in the world. Our main motto is customer
satisfaction buyer and long-term cooperation with him.

OUR STRENGTHS


1. Processing on Modern Automatic Plants

2. Direct Buying by Technically Qualified Staff

3. In-house Designing/Printing/Stitching Arrangement

4. Compatible & Well-organized Storage Facility

5. Highly Expert Quality Control Personnel

6. Evolve Value-added Products Preferred by Buyers

7. 100% Focus on rapidly changing Consumer Preference

8. Brand Promotion is our Top Priority.

9. Never Compromise Quality at any Cost.

10. Complete Buyer’s Satisfaction is our Asset

Transportation of the ordered goods we provide trucks or cargo ship port in Hamburg,
Germany and Slovenia Koper.
Dates delivery times, 3-10 days Europe, North America 15-20 days, 15-30 days Middle
East, East Asia 20-50 days, western and southern Africa 30-60 days.


Bank Guarantee
Commercial Code § 313 defines the bank guarantee as follows: Bank guarantee is a written statement bank letter of guarantee to satisfy creditors up to a certain amount of money according to the content of the letter of guarantee, if some third person (the debtor) fails to comply with certain obligations or will meet other conditions specified in letter of guarantee. Provision of a bank guarantee can be found in the Commercial Code.
The provisions of the Commercial Code that the bank guarantee must always be in writing. The Bank provides the basis of bank guarantees, performance always in the form of cash, even though the bank guarantee provided by other than a payment obligation.
Bank guarantee is liable unilateral written declaration to the bank guarantees the recipient (beneficiary). It has to be irrevocable, the exposure and guarantees its dispatch or transmission beneficiary can not have bank that issued the guarantee, on its wording change anything or cancel the guarantee without the consent of the beneficiary warranty. Since the Commercial Code does not address the recall of guarantees, it is recommended that safeguards are in text as irrevocable.
Bank guarantee for the bank usually provides customers with which it has long-term experience. When deciding whether or not to provide a guarantee, the Bank takes into account a similar viewpoint as the decision granting or withholding credit (bonita client, ensuring quality guarantee). Under the guarantee, the bank charges a fee, the amount of which is agreed in the contract. The fee is usually determined depending on the riskiness of the business case. The existence of a bank guarantee for the lender is a very good form of security for the loan, as in the case of insolvency of the debtor's obligation to pay creditworthy entity - bank. Bank guarantee is often used to hedge a bank loan, but often also to provide trade credit.
It is the Bank's off-balance sheet product - ie. a bank guarantee has no effect on the bank's balance (charged under deliberation), but if the beneficiary of its application may fulfill this commitment by the bank show that active balancing item in the form of a forced loan principal guarantee with enforcement difficult.

The content of bank guarantees:
a) Introductory provisions (preamble)
- First bank notes that beneficiary and its clients have a contract, whose content and purpose is briefly characterized, this agreement is specifically stated that client commitment, for which the bank has to take over security
b) Bank Guarantee Statement
- Is at the heart of any bank guarantee, to this statement is the commitment to the beneficiary bank, the bank pays a certain amount of money, if the client fails to fulfill its obligation
c) The validity of bank guarantee
- This is the period of limitation (fail), loses its expiration beneficiary claims arising from bank guarantees should be addressed to the collateral taker carefully watched period for the exercise of their rights. Force can be determined by a fixed date or a fact....

Letter of Credit
Use of letter of credit allows you to make payments between suppliers and customers and to a very large geographical distances at a high level of security both trade partners. A letter of credit is particularly advantageous for the supplier (exporter), which ensures that the customer (importer) does not receive the goods rather than pay the corresponding amount.
Protects the interests of both partners bank that cares about it to adhere to the agreed terms, which Planena bank checks based on pre-agreed document.
Letter of credit means: 1) a written undertaking from the bank to pay a specific amount or carry out other transactions, under conditions that are specified in the letter of credit. This commitment is called. own credit.
2) order the bank to another bank, subject to compliance with conditions specified in the order specified amount paid or performed other transactions authorized (beneficiary).
Opening the letter of credit is therefore bank on the instruction of the principal committed to the fulfillment of the conditions specified in the letter of credit gives consideration to a third person (beneficiary). The bank, which opened letter of credit, the principal must ensure coverage of the letter of credit either transfer funds from their account or asking for a loan of adequate height. The bank can then perform the following transactions: Letter of Credit shall pay the amount after submission of relevant documents; accept the bill, which it issued the beneficiary or negotiate a promissory note, issued by the seller under the letter of credit terms to the buyer if it was submitted together with the required documents.

If you find our offer and also take business, we look forward to our cooperation.

If you are interested in our products, please send us an official order.

General Introduction:-
Dear Customer / Visitor
Many people around the world do not know the terms of international trade sometimes find shortcuts to the names they not know meaning it.
We provide you a comprehensive clarification of these terms to assist in the understanding as well as to not waste time for employees in our company to clarify these names .
ASWP - Any Safe World Port
LOI - Letter of Intent
Letter of Intent is a document issued from the Buyer to the Seller which indicates that the Buyer would like to enter into negotiations with the Seller in the hope of purchasing commodity. The letter of intent is not legally binding, but it does provide a starting point for negotiations
ICPO -Irrevocable Corporate Purchase Order.
This is a document drawn up by commercial Buyers, and contains the quantities and type of commodity required, and other conditions that the buyer would like the sale to proceed under. Once submitted to the Seller, this is deemed to be binding and the corporation is obliged to complete the sale.
SCO SOFT CORPORATE OFFER
FCO -Full Corporate Offer.
Issued by the seller after the preliminary stages of negotiation are complete, such as a letter of intent having been issued by the buyer, and a soft probe having been conducted on their accounts by the Seller. A full corporate offer is a document which outlines the conditions of the sale.
Draft Contract.
A draft contract is an initial contract which is drawn up and sent from the Seller to the Buyer. The
Buyer has the opportunity to make amendments and send it back to the Seller for consideration. This process continues until
both parties are satisfied with the terms of the contract.
BCL -Bank Comfort Letter.
Also known as a Bank Capability Letter, or Bank Confirmation Letter, this is a letter from the Buyer's bank confirming his ability to meet a certain level payment requirements. This letter states that the Buyer has sufficient funds to cover the cost of the order. It should however be understood that this does not imply any guarantee of payment.
RWA-Ready, Willing and Able.
This is a document which is issued by the Buyer's bank. The bank confirms that their client has the sufficient funds in their possession and is ready, willing and able to engage in the contract.
SOFT PROBE.
This is an authorization from the buyer to the seller to contact the buyer's bank to verify the buyer has the financial capability to purchase the product and this authorization from the Bank of the buyer to make sure the purchasing power only and does not substitute for the other documents
SBLC : Standby Letter of Credit
A statement issued by a bank to the buyer of a good stating that the seller will receive payment on time and in the correct amount. If the buyer fails to make payment, the bank will do so on his/her behalf. The buyer presents a letter of credit to the seller, which virtually eliminates the risk that the seller will not be paid. Letters of credit have become very common in international commerce, as distance and other factors make it difficult for sellers to establish the creditworthiness of every buyer.
ARDLC
Automatic Revolving, Documentary Letter of Credit
L/C or LOC -Letter of Credit.
A Letter of credit is a document issued from the Buyer's bank to the Seller which guarantees payment to the beneficiary of the letter of credit (the Seller), as long as the terms and conditions set out in the letter of credit are met. L/C are almost always irrevocable, can be transferable, For regular shipments a Revolving L/C is often utilized.
SWIFT Society for Worldwide Interbank Financial Telecommunication.
A global service which is responsible for facilitating communication between banks. Most payments are made via SWIF
CL/C (Confirmed Letter of Credit)
A letter of credit, issued by a foreign bank, with validity confirmed by a First Class (usually US or European) bank. A seller with CL/C terms is assured of payment even if the foreign buyer or the foreign bank defaults.
RL/C (Revolving Letter of Credit)
Is a financial guarantee or performance bond issued by a bank on behalf of a buyer. i.e. a written obligation of the issuing bank to pay a sum to a beneficiary on behalf of their customer in the event that the customer himself does not pay the beneficiary. The SL/C is regulated by the ICC600 rules.
PB-Performance Bond.
This is a type of bank guarantee which is issued from the Seller to the Buyer. It guarantees that the Seller will meet the terms of the contract. Normally issued in the amount of 2 % of the total amount of the contract, a performance bond can be drawn upon by the Buyer in the event that the Seller breaks the contract and fails to provide the product which was stipulated in the contract.
POP Proof of Product. A Proof of Product ('POP')
is often requested by customers or agents who believe it will give them some guarantee of the existence of the product and ability of the supplier to deliver the product. In practice many POP's are false. POP offers no proof at all, because once a POP has been drafted it is automatically out of date -the product could have been sold to another buyer and therefore no longer exists. Nevertheless, a POP is still occasionally requested as apparent proof that a seller has the product, A POP is realistically provided only when the Buyer's bank issues a Bank Confirmation Letter (BCL) to the Seller and or seller's bank via SWIFT. Then the Seller's bank can check the availability of funds in the Buyer's bank and issue a POP to the Buyer's bank within an agreed time period (e.g. 5 days). A seller will not issue a POP to buyer without a non-operative letter of credit opened. See our procedures. The (PB) of 2 percent will render the DLC operative. The bank will then send the POP five days later.
BOL or B/L -Bill of Lading.
This is the receipt given by the shipping company when goods are loaded on board the vessel. This is an important document and gives title to the goods. It is needed by the buyer to obtain the goods from the port.
CFR -Cost and Freight
The price includes the cost of the goods, loading, and freight to the named Destination Port. This does not include unloading charges.
CIF -Cost, Insurance and Freight.
This is the same as CNF, but also includes insurance to the named Destination Port. e.g. CIF Dubai.
DDP -Delivered Duty Paid.
To the named Destination (which can be customer's works) e.g. DDP New York. All delivery charges and duties to the named destination are paid by the exporter
TLC-Transferable letter of credit.
This is the favorite instrument of the traders and middlemen to offer secure terms of payments to third parties such as their suppliers (second beneficiary in the letter of credit). When the buyer pays the letter of credit, part of the proceeds is transferred to
DL/C (Documentary Letter of Credit
A document issued by a bank which guarantees the payment of a buyer's drafts for a specified period and up to a specified amount. The Documentary Letter of Credit provides a more secure means of carrying out transactions in import-export trade than by documentary bills collection (see Bill of Exchange). A letter of credit when transmitted through a bank, usually in the seller's country, becomes the means by which the seller obtains payment. The necessary documents, correctly completed, are presented to a bank by an agreed date. If the terms of the credit are met, a seller can receive payment from a bank immediately.
L/C (Irrevocable Letter of Credit)
An Irrevocable Letter of Credit cannot be amended or cancelled without the consent of the issuing bank, the confirming bank (if confirmed), bears the further payment undertaking of another bank, usually the advising bank, called the Confirming Bank here since it adds its confirmation to the letter of credit. This may also be used if the issuing bank is of unknown doubtful standing to the seller and the beneficiary. The payment is guaranteed by the bank if the credit terms and conditions are fully met by the beneficiary. The words Irrevocable Documentary Credit or Irrevocable Credit may be indicated in
the L/C. It means that once the buyer's conditions in the letter have been agreed to by the seller, they constitute a definite undertaking by the buyer's bank and cannot be revoked without the seller's agreement.
Revocable Letters of Credit
are rarely used as the terms of the credit can be cancelled or amended by an overseas buyer at any time without notice to the seller.
SGS INSPECTION www.sgs.com SGS
is the world's leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. The core services offered by SGS can be divided into three categories:
Certification Services. SGS certifies that products, systems or services meet the requirements of standards set by governments (e.g. GOST R), standardization bodies (e.g.ISO 9000) or by SGS customers. SGS also develops and certifies its own standards
Inspection Services. SGS inspects and verifies the quantity, weight and quality of traded goods. Inspection typically takes place at the manufacturer/supplier's premises or at time of loading or at destination during discharge/off-loading.
Testing Services. SGS tests product quality and performance against various health, safety and regulatory standards. SGS operates state of the art laboratories on or close to customer's premises. Certification Services. SGS certifies that products, systems or services meet the requirements of standards set by governments (e.g. GOST R), standardization bodies (e.g.ISO 9000) or by SGS customers. SGS also develops and certifies its own standards.

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