Reference no: EM132680118
Turns out that Uber driver you had over the weekend in Las Vegas works for a small (5 person) specialty company which makes extremely thermal sensitive calibration gauges. Their main customer used to be the US military which ordered lots of precision night vision type combat equipment, but now that the wars are winding down, their business is now bad hence the director was driving the uber.
Their tiny company just got a big order for $200 million order from some overseas company which seems to be tied back to Norinco, a Chines government related company. Given how small their company is, this order alone could be a life line - but to fulfill it, they need some certainty on payment. They don't know about overseas payments they've never had a foreign customer before, so they ask you since you are a CSUSM COBA High Roller obviously. they are not looking to get foreign investment or expand overseas, Nope, It's really simple. these guys just have a potential customer who is overseas and want to know how they can sell their stuff and get paid by an overseas customer.
-What are the choices in getting such payment from overseas?
-How should they arrange the payment? Elaborate on each of the steps, in sequence, and the reason behind each step, and pros and cons of each step.
-Anything they should keep in mind?
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How should they arrange the payment
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