555 Group LLC
| About us | I am attaching a sample letter of credit that has been completed by another one of our clients. Obviously i have taken the time out to protect my clients confidentiality and have ommited account numbers, names and other pieces of information, making our buyer known. Confidence building factors: 1-we do not expect our clients to do wire transfers on transactions. 2-we only accept 'irrevocable transferable letters of credit' to initiate a business partnership. Once our client feels comfortable, they may wire transfer money after the first transaction. We all have something to prove and gaining our clients trust does not happen over night. 'transferable' As mentioned above implies that we use our clients creditworth to commence production of the goods that have been requested. 'irrevocable' As mentioned above implies that once the goods are produced and shipped you can not back out of the transaction. It ensures that both buyer and seller are protected. To further put you at ease, please review a current clients letter of credit as attached. Review the terms, you will see that they are made to ensure both buyer and sellers best interests. We as a company do not expect to be paid until our merchandise clears customs in your country. This gives you the opportunity to go and see your merchandise. Tnese are a few of the terms we use for an order of game consoles that are found on our letters of credit: Document required 1-signed commercial invoice in triplicate 2-packing list in triplicate 3-customs invoice in triplicate 4-inspection certificate in triplicate from(shippingcompany)in(countryof origin).5-certificate of origin in triplicate 6-certificate of authenticity from manufacturer 7-sellers certificate that there are no restrictions from the manufacturer to import and sell this product in USA.8-beneficiary's certificate stating that each unit meets u. S. Standards and configuration.9. Full set of clean on board ocean bills of lading issued to the order of(insertbank name here with division if necessary) stating l/c marked freight collect and notify the applicant After all of these criteria are satisfied is when we as a seller receive payment. I hope this letter helps put any concerns you may have at ease, please feel free to contact me with any questions, comments and concerns you may have. I look forward to a long and prosperous business partnership with each and every one of you. |
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| Industry Focus | Television, Games, Joysticks & Game Controllers |
| Business Type | Distributor/Wholesaler |
| Products/Services | Surveillance equipment, dvr's, home automation systems, video doorphone systems, video entry security systems, intercoms& interphones, plasma tv's |
| Our Markets | Worldwide |
| No. of Employees | 11 - 50 People |
| Annual Sales Range(USD) | US$1 Million - US$2.5 Million |
