Since January 2022, our company has successfully sent three batches of outer spherical bearing pillot block bearing goods to Egypt, and successfully and skillfully completed the application and input information transmission of cargox platform. The payment methods of our customers in Egypt are mainly D / P and L / C. Because in 2016, Egypt issued a provision that “bills of lading, invoices, certificates of origin and other documents must be delivered to the Bank of the destination country through the exporter’s Bank. If the consignor sends them directly to the Egyptian buyer or the buyer’s Bank, they will be rejected”, that is, our export enterprises must complete the trade through bank presentation, and the process complexity and cost are much higher than the previous telegraphic transfer.

The current new regulations limit that Egyptian importers can only pay by letter of credit, which is to facilitate the Egyptian government to strengthen Import Supervision and reduce dependence on foreign exchange supply. The documentary staff of our company are skilled in L / C examination of external spherical pillot block bearing products. Stand the test. It is believed that more orders will be exported to Egypt in the future. This is also a breakthrough of our company.