IBUSE INTERNATIONAL LTD

Letter of Credit Agency Service

2011-06-07T01:07:00.000-07:00

We assist you get paid your commissions in all export and import transactions without back to back letter of credit, transferable letter of credit and no form of advanced payment required. Your seller gets paid by direct letter of credit from the end-buyer. Other agents involved in the deal do not know how much commission you earn either from the buyer or seller's side. You earn your commissions confidentially. NO BUYER, SELLER OR AGENT CHEAT ON YOU. Your commission is secured by letter of credit issued by end-buyer to end-seller. We do not charge upfront fees for our service but we also get paid from the L/C at the end of the deal.

Her are some of the benefits your get:

1. Your local bank will be involved in the deal so your commission is also secured by your bank that is to ensure that you get paid from the L. C

2. You can earn your commission living in any part of the world selling the products of companies abroad as agent.

3. No more bank charges on transferable letter of credit, back to-back letter of credit and payment in advance transactions. Some Sellers reject transferable L/C and back to bank L/C and some back don't accept it at all...

4 Your commission is entirely secured by letter of credit and many more.

5. The above service is only applied on COST INSURANCE FREIGHT AND COST AND FREIGHT transactions and not on FOB.

We can sign legal documents with you if you require that from us before we start.

All you need to do, send your proposal for review and we take off from there provided your proposal is real and conforms to international trade practices and not a scam.

The Advantage of employing Financial Consultants(1)

2008-11-24T02:46:00.000-08:00

Loans are obtainable from various lenders and most people do not know about them. The financial market is very vast like any other market. Loans are obtainable at various rates, terms and condition which could be suitable to your financial need and situation.There are several types of lenders.One of them is the private group. These types of lenders collect your personal property and give you loan on a very high interest rate; they will evaluate the current market value of your assets.These lenders give you the loans unto three times less the cost of your property and base on the future market value of your property.The property may be fairly used and of good condition.The Lender keeps the property together with the all the relevant documents for proof of ownership; If you fail to repay the loan, the property will be sold at the exact loan amount as contained in the agreement.The others are the conventional lenders known as the commercial banks and other financiers. They maintain a standard rate of interest in their operations. As conventional lenders, they assess the borrower credit history, cash flow projections, Profit and lost Statement and Balance Sheets of the company for the last three years.The also take part in intermediary lending by acting as Loan Agents; in this way, they borrow money from the financial market and relent to borrowers.A development bank owned by either the state or Federal government can use them as their financial intermediaries who use the loan to finance small, medium and large scale enterpriseA development bank may set up the criteria required for lending; it is always on a soft term loan scheme. Sometimes, collateral may not be required but beneficiary must be credible coupled some considerable years of experience in such venture.Base on this assessment, a loan could be approved together with considerable grace period after the official expiration deadline.

The Advantage of employing Financial Consultants(2)

2008-11-24T02:44:00.000-08:00

The others are loans brokers – those who bring borrowers and lenders together known as Financial Consultants. They do not lend money to borrowers on their own account but as part of their profession, they are in contact with various lenders of several categories and are very current with the term and rates in the financial market which most borrowers do not know.The point is that most borrowers do not have the time to look for lenders raters, terms and condition but the Financial consultant does. His is to prepare all relevant financial documents that is being required on the behalf of other borrower and present it to the relevant lender(s) who he feels will be suitable to the financial need of the borrower among other lenders.He is the Financial Adviser to theBorrower who he represents.He charges some commission ranging from 1-10% depending on the amount of loan involve base on the market rate for service of consultants.The other loan intermediary lenders take processing of the loan and then re-lend it to borrowers at the terms and conditions as approved by the original lender. This intermediary also has his commission from the amount of loan approved and sometimes may add up some interest in order to keep his business going.That is, if the original lenders’s rate is 3% he may add 1% onto the official rate and may charge the borrower 4%; the 1% becomes his commission or profit in the deal.He may also charge loan processing fee likewise the Financial Consultant in addition to the commission and interest they charge.This processing fee is in most cases none-refundable. However, care should be taken when dealing with Financial Consultants. The borrower should know the credibility of the Consultant to be used.It is advisable that you approach a Consultants or a Lender who do not charge you a processing fee especially online service; unless you have known the credibility of the Consultants and the Lenders base on their outstanding performance with some considerable years of business experiences in the field.

Agenct Choice of Products for Export

2008-11-18T00:49:00.000-08:00

It is very necessary that you work very hard to satisfy the exporter who will give you a trial period say ‘six month or one year’. If cannot perform very well, all your effect and money will be a waste. So you should make a good choice of product you are about to export and you should know the countries your product are of high demand and those countries will become your target markets.To enable you make a good choice of product and good marketing outfit, you should consult some market research agencies such as your national export promotion agency, your customs and Excise and your bank who carry out market research for exporters. Some of their statistical reports will reflect those countries that are currently importing the type of product you handle which you will follow as a guide.

Before you begin to export, you must first of all draw an Agency Agreement with the exporter to include the countries you will cover, the commission and the incentive you will enjoy which will be signed before you commence your agency job. You should also consider the government rules and regulation covering the type of product you are about to export and you can find out from the above mentioned sources providing trade promotion services. It is very necessary for the fact that, any of those countries you are intending to export to may not have trade agreement with your county or your country has placed an embargo on the products you are about to export to those countries concerned. Other countries may be dealing with them base on their bilateral trade relationship or they have a common market such as EEC, ECOWAS market etc. So they are free to deal with each other.

It may be that those countries who export to your target countries has cheepr labor and less distance than your counrtry; so their export price to those countries will be very cheeper than your own as a result, you cannot compete with them in terms of price and delivery. Therefore you should look for a market that is very convenient to you in terms of prices and bilateral relationship to enable you export effectively as an Export Agent.

Export Agency Agreement (1))

2008-11-18T00:46:00.001-08:00

The Agency Agreement must contain vital issues covering the agency terms and conditions which must be signed by Agent and the Principal who is the Exporter and to be endorsed by a solicitor who is to be Rotary.

Commission

The commission is to be indicated in the agreement including incentive the agent will enjoy. The supplier can offer you 1 – 10 percent of the export value depending on how the agent and the Principal agreed.

Duration

The agreement should indicate the duration of the agency; trail period may be up to six months to one year. During the trial period, the agent should work very hard in order to generate sales for the Principal; if he does not work hard, the agency will be terminated by the principal.

Termination of the Agency

This will be stated in the agreement indicating that the principal may terminate his appointment at a given period. In case the principal terminates the agency appointment after the agent has worked very hard and has established contacts with buyers which he had introduced to his Principal, he will be compensated on a given percentage of all orders which is still coming to him.

The Agent has suffered lost of goodwill and most suppliers only use the agent to make contact and promise the agent heaven and earth and later cut the agents off once they have penetrated the market in ove seas. So the Agent must ensure that he work for exporting company that is trust worthy and not using him and dumb him.

MORTGAGE LENDER

2008-11-18T00:44:00.000-08:00

This is a lender who gives out loans base on the equity value of property such as such as land, real estate and other income producing properties. It is the part of the money lender hotline these days considering it as one of the safest in the financial market since it involves property of a very high equitable value.

The amount of money that is tied up in a property is the ‘Equity’.The mortgage lending is very competitive and the interest rates, terms and condition vary from one lender to another although there is a national guideline on mortgage lending interest rate. In most countries loan interest rates is being regulated by the central bank if the lender is one of the conventional type such as banks and other financiers. Other private lender rate varies. All depend upon the laws of the country concerned in respect of their national financial market.One of the criteria required for loan approval is the presentation of a collateral/security.The amount of loan required, is dependent on the equity value of the property to be pledged as collateral/security such as land, real estate and other income producing properties.

The loan amount may be very high since there is huge amount of money being tied up in the property as the equity value which will be determined the current market price.An appraisal service is required who are professional property values.At the time of submitting the loan package, the appraisal report stating the equity value of the property will be included which the lender will use to guide himself on the amount of money he would approved at the closing. Above all, the loan package will include the insurance documents of the property against accidents. The lender will also take into consideration the amount of insurance covered so that in case of any accident, he will use the insurance document to make a claim base on the amount of mortgage loan approved.

Mortage Lender (1))

2008-11-18T00:42:00.000-08:00

This is a lender who gives out loans base on the equity value of property such as such as land, real estate and other income producing properties. It is the part of the money lender hotline these days considering it as one of the safest in the financial market since it involves property of a very high equitable value. The amount of money that is tied up in a property is the ‘Equity’.The mortgage lending is very competitive and the interest rates, terms and condition vary from one lender to another although there is a national guideline on mortgage lending interest rate. In most countries loan interest rates is being regulated by the central bank if the lender is one of the conventional type such as banks and other financiers. Other private lender rate varies. All depend upon the laws of the country concerned in respect of their national financial market.One of the criteria required for loan approval is the presentation of a collateral/security.The amount of loan required, is dependent on the equity value of the property to be pledged as collateral/security such as land, real estate and other income producing properties.The loan amount may be very high since there is huge amount of money being tied up in the property as the equity value which will be determined the current market price.An appraisal service is required who are professional property values.At the time of submitting the loan package, the appraisal report stating the equity value of the property will be included which the lender will use to guide himself on the amount of money he would approved at the closing. Above all, the loan package will include the insurance documents of the property against accidents. The lender will also take into consideration the amount of insurance covered so that in case of any accident, he will use the insurance document to make a claim base on the amount of mortgage loan approved.

Mortage Lender (2)

2008-11-18T00:40:00.000-08:00

Some times the mortgage lender may not rely on the appraisal report presented by the borrower instead he may employ another Appraisal to do the job. If the equity value had been ascertained by the lender, up to 50 to 60 percent of the equity value appraised.In mortgage lending we have, first, second and even third mortgage lender.

The reason is that may use the very property to borrow from the first, second and even the third lender depending on the equity value of the property and the amount of loan involved although the lending rates will higher from the second and the third lender.The reason is that if the equity value of the property is USD 100,000, may loan him up to USD 40,000 at the rate of 5 percent interest. So USD 60,000 is still tied up in the property. He may still go ahead and borrow from another lender who loan him up to USD 30,000 of the remaining equity value at an interest rate of 7 percent.

This lender become the second mortgage lender. The interest is higher for the fact that already the property had been mortgaged with a first lender and they could run into dispute in case of none payment. So the total value of the equity remaining in the property is USD 30,000.Still he could approach another lender to loan him half of the reaming equity value which is USD 15,000 which he may find it very difficult to find unless he approach venture capital lenders who offer loan on risky situation and on a very high interest rate. So third mortgage lender is not easy to find from the conventional lenders unless there is enough equity value in the propertyThe above information explains what mortgage lending is all about and as I said earlier is one of the hottest investments in the financial market.

Property such as land and real estate appreciate yearly so the equity value increase. So lenders find it very safe to give loan on the equity value up to a repayment period of ten years in which case the equity value of the property may even be twice the original equity value at the time the loan was approved.

Quick loans from Exim Banks (1)

2008-11-18T00:39:00.001-08:00

Loans are approved very fast from Export and Import banks responsible for the promotion of products and services of their nationals engaging in international trade .The offer soft term loans to financing products and services to be exported or imported whose lending rate of interest will be quit low comparing to the conventional lenders such as banks and other financiers engaging in international trade

In most cases, the cost of offering consultancy services by Exim bank to their nationals is subsidized.The Exim bank is set up by the government to encourage their nationals in international trade activities. They provide such services such as market research for exportable products, international market prices, pre-shipmen financing, trade fair promotion overseas and many more. They also include insurance package which include, commercial and political risk insurance and re-insurance services.They provide re-insurance insurance services which the commercial insurance agents cannot undertake. They also provide guarantee on loans offered by the commercial lenders to the exporter or importer.

The Exim bank may request for the export order sent by the buyer overseas before issuing out loans to the exporter. The lending rate vary from one Exim bank to another operating in different county and base on the economy of their nation and their national rules and regulations guiding international trade operation.Comsumable product may be sort term ranging from three months to six months. In the case of capital goods(such as manufacturing equipment and other income producing propery) may take six months to one year or more depending on the type and value of the export order. So the Exim bank engaging in short and longer term lending activities in international operation.Exim banks has list of countries in order to determine the type finacial assistance, terms, interest rates ect that is suituable. As the same type of services cannot be given to all counrties in the list.

Quick loans from Exim Banks (2)

2008-11-18T00:32:00.000-08:00

They may consider giving out loans to both exporters and importers base on the economy of the country. Loans to the list of countries in the developng nations may be given the best rates, terms and condition unlike those in the advanced nations. In some cases, it may depend on the bilateral agreement made between the exporter’s country and that of the importer’s Also being a member nation of a group of countries e.g EEC, OPEC, ECOWAS etc may also help forming a kind of common market.

The may be no trade barrier and import terrific reduced.Consequently, interest rates on loans to those regions will be very considerate unlike a none member nation and whose importer or buyer nation does not have bilateral cooperating in the areas of trade.Under the bilateral cooperation, the Exim bank may send huge sum of export/import loans to some banks in the buyers country acting as financial intermediary on her behalf. The loans is used to financing the importation of goods and services of their national on a very soft term. In other words, loans are used to finance only purchases from the country of the Exim bank. Thereby removing financial barrier both from the Exporter’s side and that of the importer in his county.

In another development, the Eximbank also provide loans to their national engaging in the manucfacturing of products for exports on an attrative rates.In all cases, collatal are required this include account receiable finanacing, factoring, documentry collection, bill of exchange, letter of credits etc.Also in other cases, the Exim bank may use other commercial banks engaging in international trade activites. These bank are approved to act on their behalf who receive huge amount of loans to finacing export/import projects base on the lending criteral of the Eximbank but adding up some commission on the interest they charge their clients.