The Main reason URO will be a big hit with any trading companies all around the world

June 09, 2014, 10:01:20 PM
Reply with quote  #516

The Main reason URO will be a big hit with any trading companies all around the world  – currently the only safe payment option available is LC (Letter of Credit) to send out an LC fees cost in fees and charges   over $100K – these are just banking plus the delay in time, it takes over 3-4days for a banker to confirm they received the LC, if there are any changes to the format of the LC then it goes back and forth.. each time 3-4days by bank swift.  The buyer of the UREA will pay the fees (100K plus) to send out an LC  – then the seller also pays large amounts of banking fees to clear the LC or transfer the LC to third party. ….Anyone ever imported using LC will be able to confirm.
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