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Import Export
For all inquiries regarding those services unrelated to the financial services sector, please address your inquiries to Johan.
For all inquiries regarding those services unrelated to the financial services sector, please address your inquiries to Johan.
Product categories and minimum fees
Product categories and minimum fees
Chemicals: 2% of trading volume. Min USD 1K per container
Automobile & equipment: 5%, min. U$ 1,200 per vehicle
Electronics: 8%, min U$ 2K per container
Other consumer products: 10-12%, min U$ 2K per load
Volume discount if four containers per month.
Consulting: U$ 250 per hour.
Contacting suppliers, sourcing products, or general assistance related to Import & Export: U$ 900 (up to five hours)
Interpretation service:
On call or video: U$ 200 for first 30mins and U$ 100 thereafter
In-person: U$ 500 for first two hours (min) and U$ 150 incremental per hour
Volume discount available for services after 30-day-equivalent per each calendar year.
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
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