Home > Trade Advisory

RECENTLY, THERE HAS BEEN INORDINATE INCREASE IN THE NUMBER OF TRADE DISPUTES BETWEEN INDIAN COMPANIES AND SOUTH AFRICAN COMPANIES, WHERE PAYMENTS ARE NOT BEING MADE BY THE IMPORTING COMPANY IN SOUTH AFRICA. THE DEPARTMENT OF TRADE & INDUSTRY, GOVERNMENT OF SOUTH AFRICA IS NOT LEGALLY MANDATED TO TAKE ANY ACTION AGAINST ANY COMPANY IN THIS COUNTRY AND IT BECOMES DIFFICULT TO RECOVER THE PAYMENT FROM THE DEFAULTERS. THIS IS TO ADVISE ALL EXPORTERS FROM INDIA TO ENTER INTO A LEGAL CONTRACT BEFORE EXPORTING GOODS AND DO SO ‘ONLY’ AND ‘ONLY’ AGAINST LC AND SIMPLY NOT AGAINST PURCHASE ORDER(PO).

  • image
  • image
  • image
  • image
  • image
  • image
  • image
  • image
  • image
  • image
  • image
  • image
  • image
  • image