Passing the buck is no SOLUTION but one ought to develop the habit of seeing the full picture with the intention to HELP only
In the interests of one and all ... My dear countrymen! Once an exporter dispatched one consignment to a foreign destination against irrevocable letter of credit and based on dispatch documents already realised payments as per the terms. After a few months exporter came to know that goods not reached the consignee ( the customer). The deal is incomplete, though the consignor dispatched the goods in time and got the payment also but due to transit loss or some unknown reasons goods not reached the consignee. Hence the dispute started. The deal will only be treated as complete when customers received the goods in time of which he had already made the advance payment. Simply put both the parties must be satisfied with the deal, which is not the case here, most basic of any business to flourish on long term basis. To eliminate this problem, MNC like Philips takes due precautions and their goods are fully transit ensured until reached th...