It’s a really pleasure to suggest you a brilliant idea to overcome the problem that the Payment Term means to us. To expose what we have in mind, we start informing you that we totally agree to work with L/C at sight; nonetheless, in order to make effective this kind of Payment Term, we should solve an important detail as follow: Since our Government Banking System only accepts Irrevocable Letter of Credit Payable at 60 days B/L date, because of the fact that this payment term is a Presidential Pronouncement and consequently the Government Institute (CADIVI), which is the responsible to approve any importing / exporting transaction and to give the amount of US Dollars in order to materialize and make effective the dealing, demands an Irrevocable Letter of Credit Payable at less at 60 days B/L date: YOU WILL PROVIDE US A PROFORM INVOICE EVIDENCING THAT YOU ARE NEGOTIATING WITH Irrevocable Letter of Credit Payable at less at 60 days B/L date, JUST TO US GET THE APPROVAL AND SO EITHER THE RESPECTIVE AMOUNT OF US DOLLARS FROM CADIVI. But, do not be afraid neither suspicious, because we’ll have everything covered and well planed with our Bank: this means that we will take the respective action course to ensure that you’ll get in fact your PAYMENT as how you must get it: since in reality, for you for us and for the Bank knowledge, is L/C AT SIGHT the truly Payment Term we are dealing with. Analyzing this whole explanation, I believe it’s far-sighted to take in consideration the possibility of finding an intelligent way out for both sides and make possible too, a solid commercial relationship from now on.
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