abld's secure payment program
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ABLD’s Secure Payment Program™ for exporters to Europe
AgriBusiness Legal DeskAgriBusiness Legal Desk (‘ABLD’) is an Amsterdam law firm that provides legal services to companies that are active in the international food and agribusiness industry.
What is it?ABLD’s Secure Payment Program™ is an invaluable legal tool for exporters to Europe to manage quality risks, credit risks and legal risks. ABLD’s Secure Payment Program™ provides an easy to use format for agreeing clear business terms with trading partners. It is an affordable and effi-cient alternative for exporters who don’t receive payment upfront and/or for whom credit insurance is not a solution that covers their full risk exposure.
What does it do?ABLD’s Secure Payment Program™:• limits the scope for product quality complaints by
clearly defining time limits• gives exporters the benefits of EU-legislation to pro-
tect against late payment• provides exporters with a pledge1 to their importers’
receivables as collateral against default and bankrupt-cy of the importer
• sets your lawyer up with legal tools that enable swift and effective actions on your behalf, if the need arises
What does it cost?ABLD’s Secure Payment Program™ typically costs between 0.6% and 0.9% of turnover for medium and small sized exporters.
Why would you use it?Hope for the best in business but prepare for the worst: An exporter who wants to achieve success should also pre-pare himself to face difficulties.
1 The law of the Netherlands is applicable to ABLD’s Secure Payment Pro-gram™. The word ‘pledge’ as used in this brochure is a translation and refers to ‘pandrecht’ in article 3:236 of the Dutch Civil Code.
www.AgriBusinessLegalDesk.nl
Phone +31 - 88 - 007 8000 E-mail [email protected]
Amsterdam, the Netherlands
AgriBusiness Legal Desk is the trade name of ABLD Advocatuur B.V, a private limited liability company established in Amsterdam (the Netherlands) and registered with the trade register at the Amsterdam Chamber of Commerce n° 3427.4414. AgriBusiness Legal Desk is also a registered trademark.