In international trade, problems involving bad debts are more easily avoided than rectified after they occur. Credit checks and services such as the international company profile can also limit the risks.
When payment problems occur, answer the following questions before seeking outside help or filing an insurance claim:
Help With Payment Disputes
If negotiations fail and the sum involved is large enough to warrant the effort, a company should obtain the assistance and advice of its bank, legal counsel, and other qualified experts.
U.S. Council of the International Chamber of Commerce
The ICC handles the majority of international arbitration and is usually acceptable to foreign companies because it is not affiliated with any single country. For information contact the vice president for arbitration, U.S. Council of the International Chamber of Commerce, telephone 212-354-4480
The Advocacy Center at the U.S. Department of Commerce puts the resources and authority of the U.S. government behind your team in pursuit of international contracts or other U.S. export opportunities.
Commercial Service Overseas Offices
The U.S. Commercial Service has offices located in Embassies and Consulates in over 80 countries worldwide to provide on-the-ground assistance to U.S. companies facing trade and export-related issues.
Foreign Agricultural Service Overseas Offices
The U.S. Foreign Agriculture Service has offices located in U.S. Embassies and Consulates around the world.