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What is the best way to understand the credit worthiness or the reputation of your prospect abroad before transacting International Business?

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Question added by padmakumar pathiyil , Marketing Consultant , Management Consultancy
Date Posted: 2014/09/30
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

The buyers ability to provide Irrevocable LC (Sight LC preferred) from their bankers of International reputation hold good to assess their credit worthiness. All other precautionary measured should be adhered to before business commitments. 

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