Product details

Luis and Javier are garlic producers and they want to do their first export to the USA. They have just graduated and they recall how important it is to ask for a letter of credit for payment purposes. They visit a very experienced broker and he does not want to use a letter of credit. Instead, he proposes to put a small payment in advance at Vexport''s bank account and he will send them the invoice after he sells the garlic. It is impossible to fix a price in advance since this is fixed at the time the garlic gets to the buyers and looking at the price on the Chicago Board of Trade. Luis and Javier need to build trust on this broker and they find the information on the Blue Book. From this information, they noticed that this broker is well ranked. They also need to negotiate a change in the Custom Agent recommended by the broker since this one charges a higher price for his services.