The widespread use of international sales of independent inspectors

The widespread use of international sales of independent inspectors, depending on the method of payment, one side needs to rely more on the other side and take some risks. Documentary Credit payment is usually paid for documents originating from the seller, and therefore imposes this risk on the buyer. In most cases, confirm the capacity and location of the contract vessel, the sales contract includes the name of the vessel to be used and the time of delivery. In fact, this is beneficial for buyers. Because it gives him the opportunity to check the presence of the ship. Confirm the reliability of the seller, if the buyer is involved in a transaction with an unknown seller, the buyer should try to obtain information about the seller’s confidence. The buyer is not difficult to know the current behaviour and business history of the seller. In addition, the study of the views of regional banks can be of great benefit to buyers in order to anticipate the possibility of fraud.

Using the fact of the guarantee of efficiency is the best way for a buyer to conclude an agreement with the seller. In the event of the issuance of beneficial commodity bonds, the seller guarantees the performance of the obligation under the purchase and sale agreement, and the reverse act pays the buyer the amount specified for the bond in the issuing bank of this performance band. Such a strong seller’s guarantee, forced by compulsion and supported by an unconditional bank business without any demand on demand, will leave the possibility of fraud at the lowest level. The exclusion of fraud exclusion by common law was mentioned earlier. This exception was advantageously applied to the applicants. They knew that the document was illegally submitted, but the strict requirement for fraud was left several times by the bank with decisions other than payment.

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