Comments on: Is it posible to split a transferable Letter of credit to a broker and supplier ? http://www.businessbrokersguide.com/blog/is-it-posible-to-split-a-transferable-letter-of-credit-to-a-broker-and-supplier/ Thu, 17 May 2012 10:06:46 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Captain Credit http://www.businessbrokersguide.com/blog/is-it-posible-to-split-a-transferable-letter-of-credit-to-a-broker-and-supplier/comment-page-1/#comment-1502 Captain Credit Thu, 06 May 2010 23:15:54 +0000 http://www.businessbrokersguide.com/blog/is-it-posible-to-split-a-transferable-letter-of-credit-to-a-broker-and-supplier/#comment-1502 If I understand your question correctly, I think you would simply need to draft a contract between the broker and the supplier, detailing: How much the broker will earn when the transaction is completed and the funds are available in the supplier's bank account. When the supplier expects to make delivery and receive payment on the L/C instrument, and how many days after receiving the funds that the supplier must compensate the broker. This would be the easiest way of doing things - via contract.<a href="http://www.greattoolsusa.com/wood-furniture-4391"> Captain Credit</a> If I understand your question correctly, I think you would simply need to draft a contract between the broker and the supplier, detailing:

How much the broker will earn when the transaction is completed and the funds are available in the supplier’s bank account.

When the supplier expects to make delivery and receive payment on the L/C instrument, and how many days after receiving the funds that the supplier must compensate the broker.

This would be the easiest way of doing things - via contract. Captain Credit

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