Cases
Paying for industrial equipment from Europe
Equipment importEULocked rate
A manufacturer was buying machine tools in Europe, but the supplier refused a direct payment from Russia while delivery deadlines were closing in.
The problem
- The European supplier would not accept a direct transfer from Russia
- The buyer's bank would not process the payment to the supplier
- Any delay pushed back the launch of the production line
- The rate kept moving, so the final contract cost was unpredictable
What we did
- Signed an agency agreement and took over the contract settlement
- Made the payment through a European partner structure
- Locked the rate before the operation started
- Prepared the full closing document set for the import
The result
- The supplier was paid and shipped the equipment
- The final cost matched the locked-in rate
- The client launched the production line
- The client's accounting was closed with correct documents
Takeaway
The supplier would not take payments from Russia directly, so the contract settlement went through a European partner structure, the rate was locked before the operation started, and the import was closed with a full document set.