Supplier Capability, Creditworthiness of Overseas Supplier

Successful completion of an import transaction will mainly depend upon the capability of the overseas supplier to fulfill his contract.The credit worthiness of the overseas supplier, his capacity to fulfill that contract, etc. should, therefore, be properly verified before entering into a contract with him. Confidential reports about the supplier may be obtained through the banks and Indian embassies abroad.

Reputed overseas suppliers normally have their Indenting Agents with offices in India and contract can also be finalised through them for smoother operations. The importer can also take the assistance of Credit Information Agencies for specific commercial information on overseas suppliers. They may also contact Trade Information Centres of the country concerned.

Correct address of these agencies can be obtained from the overseas countries trade representatives posted in India.