Chemicals: 2% of trading volume. Min USD [ - ] per container
Automobile & equipment: 5%, min. U$ [ - ] per vehicle
Electronics: 8%, min U$ [ - ] per container
Other consumer products: 10-18%, min U$ [ - ] per container
Volume discount if four containers per month.
Hello there:
International trading - import or export of goods - is the fundamental of commercial banking. During my internship at Bank of New York while still in university, I rotated to a few divisions including the LC Division that dealt with letters of credit, LC negotiation, re-nego, standby LC, revolving LC, and all sorts. Another team within the division handled physical LCs. There I saw for the first time actual physical LCs being handed over to customers. It was an eye-opening experience for a student.
At the European banks where I worked, three of my foreign-exchange books that I managed in Global Market Division were directly linked to Trade Finance Division.
Korea, being an export-oriented economy, many of my friends and their parents are involved in international trading. Some of them specialize in chemicals only; some in livestock and produce; while others in auto and all sorts of products. Having interacted with them and having observed since college their businesses in various aspects of import & export ranging from sourcing to wholesale, from logistics to warehousing, and from customs to documentation, I have had my feet wet in international trading for a long time. Over the years, international trading has become an additional capability.
Feel free to fill out the questionaire for discussion.
Regards,
Johan