Letter Of Waiver (Exporting Companies & Individuals: Fill & Download for Free

If you have a strong skillset in a niche, you could get a gig as a freelancer. High paying niches include copyrighting ( writing sales and advertising content); some tech expertise, like software, such as SAP, writing code, developer, etc. Temporary contracts could easily pay you $5,000. or more for 30 days. You find the contract by looking for ads, notifying agencies that place contracts like this; and register in expert freelancer websites.Flip real estate wholesale by way of assigning your offer. You hunt for a bargain, probably a house that needs extensive rehab. You make the offer with a deposit of, say, $5,000., as follows: $500. upon acceptance of the offer; and a further $4,500. upon waiver of conditions. Your offer is conditional for 30 or 45 days, on arranging mortgage financing satusfactory to you; or whatever other excuses you need to excuse delay. Your offer is in your name “or assigns" so you can assign your offer. You find a buyer who takes over your offer, for an assignment fee of $5,000. He is likely a renovator who will fix up the house and sell it retail.Both #1 and #2 above involve getting a contract. The reason is, you have only $500. So you have to deal in paper, ie contracts. In #1, you fulfill the work. In #2, you get the contract and sell it by way of assignment.You could also get a contract for tech work, and subcontract it out at a lower price for profit You outsource the work. You work backwards. You look for someone looking for expert services to be performed. You get details Then you find the expert, and get a quote for that work Then you contact the seeker, and give a quote, but marked up. Either double the fee, or marked up by $5,000. Get the contract signed. Then sign up the outsourced contractor. The money you get enables you to pay the outsourced or subcontracted parties.It could also be a contract for low tech work, such as painting. But that enables smaller markups, so to make $5,000. in one month, you might have to get 3 or 4 contracts.A significant source of fast money is also via contracts: import or export. For example, if you have people you can depend on in Vietnam, you look for businesses there who do not export. If they manufacture or have raw materials they would like to sell, communicate with them. Have them confirm that they'll deal through you. Then you look for a buyer of those products or materials. Get a price for the order from the supplier. Get a purchase order (PO) with details, from the buyer, to be paid with a letter of credit. When setting the price, factor in your cost, currency exchange, shipping, insurance, handling, customs broker, logistics, financing cost, as well as profit. Then give a PO to the supplier. Now you need to finance the deal. You have a letter of credit from your buyer, but you need the money to buy a letter of credit to your supplier. It's back-to-back PO's. You need PO financing. There are many co's that give PO financing. So you're engaging in buying and selling. In this case, you're buying in a foreign country, and selling in the US. A contract for as little as $10,000. could give you the net net profit of $5,000. that you seek Buy for $10k, mark up $10k, net out $5kGet referral or “bird dog" fees. Refer borrowers to mortgage brokers, and they'll pay you if the deal closes. Same for leasing companies; used car dealers; contractors, etc.Write a how-to ebook on Amazon kindle, aimed armt desperate readers. Price it at $4.95. You'll make about $3 per book sold so you only need 1,700 copies sold to make your $5,000. Promote on social mediaSpend a bit of your $500 to advertise on Facebook.Google adwords.Spend a bit of your $500, to join kindle unlimited, and read ebooks on the subject of the method you’ve chosen to make the $5,000.Good luck. It is doable.

Trump has adopted a position in a complicated situation. Not all of it is ideal but being ideal is not possible.Trump has acted to curtail Iranian oil exports. It is argued by another responder that such a move violates the Iranian deal President Obama negotiated and is illegal. Maybe it does and maybe it doesn’t violate the letter of the agreement. But that agreement was only an executive agreement between President Obama and his Iranian counterparts, not a treaty approved by the US Senate. The Iranians say it is a violation but it certainly doesn’t violate any US law. Trump is just as well within his rights to suspend or abrogate Obama’s agreement as Obama was to make it in the first place.Trump lacks the power to “zero” Iranian exports. Iranian sanctions have a decades long history and were never 100% effective even when allies were desirous to cooperate. Sanction tightening always put some customers friendly to the US in a bind at least until they could make other arrangements. Waivers have been granted before to respond to that. Longer term cooperation may be better if others get some consideration as they realign their markets. Other countries are frankly disinterested in cooperating, such as perhaps China or India. So the idea that Trump has it within his power to “zero” Iranian exports immediately is wrong short of a declaration of war and a naval embargo. No one is proposing such a thing, not even America’s Sunni allies who were opposed to Obama’s Iranian deal. What is more such a move would be highly improbable to be sustainable as Congressional support wouldn’t happen and the international community likely would be aghast. I’m sure almost everyone, including me, is happy such a step was not proposed or taken. Instead Trump is acquiescing in areas he couldn’t control to get better results overall.Sanctions on banks and marine insurance companies have had some good results at discouraging people from trading with sanctions targets. Many European nations that don’t particularly agree with Trump’s policies in the Middle East are home to companies that are finding it wise to comply rather than risk retaliation from the US government. Still there are other business routes that buyers and ship charterers might use.Trump has no direct control of international oil price and pretty poor indirect influence. Nevertheless if he devised sanctions that were accompanied by a noticeable price spike he would get even more resistance. The fact prices are down helps in several ways. It means voter-level oil consumers both in the US and abroad aren’t seeing their fuel costs skyrocket and therefore aren’t so much affected. Likewise lower oil prices are helpful to the national economies of most of America’s European and Asian allies. Had prices spiked Trump would be under much greater pressure than he’s under now. The fact that prices are down means consumers and their governments aren’t complaining about this policy from a pocketbook perspective.Second, the fact oil prices are down magnifies the pressure Iran feels from this program. If oil prices are down 30%, that means whatever oil Iran manages to export notwithstanding the sanctions fetches 30% less per barrel. That helps from a foreign policy perspective. That same price event hurts Venezuela as well which is only serendipitous from a foreign policy point of view. Low prices also pressure Saudi Arabia, UAE and Kuwait, all allies, which is unfortunate. But the more important cause of the price collapse is not Trump’s moves but OPEC’s which has raised production. Oil markets have overresponded to that, in my view, since OPEC can, rather rapidly trim production again and is likely to do so if they feel prices have fallen too far.

Loans can be classified into many kinds.Primarily all Loans are classified into :- (a) Retail Loans (For Individuals, Sometimes Partnerships or Proprietorships and even Companies) (b) Commercial Loans (For Corporates, Mid Corporates, Commercial Establishments)Retail Loans are further classified into:-(a) Unsecured Loans - Loans where there is no Security or Collateral Provided. These Loans are provided entirely based on the Credit History of the Customer and based on Faith that the Customer will repay the debts he took. A Credit Card is an example of an Unsecured Debt. The Bank requires no collateral but only Proof that the Customer is in a position to repay the debt and has the habit of paying his debts. The Proof required include (a) Income Proof - Usually IT Returns for 3–5 years (b) Creditworthiness - CIBIL Report and Score is sufficient for such Loans.Example include - Personal Loans, Credit Card Loans etc.Collateral - NONEDocuments - PAN Number, CIBIL Score (Usually Found out by BANK), Income Proof (usually 3 Years - 5 Years IT Returns), Address and ID ProofProcessing Time - 4–15 Working DaysClassification - Risky Loans. Default probability highest. Presently almost 28% Credit Card Holders are defaultersInterest Rate - Higher than normal. As per Statute - Upto 36% a Year can be charged for such Loans but Banks charge between 16 - 21% per Annum.(b) Secured Loans against Appreciating Asset - Loans where the Collateral is provided and Collateral is an Asset which Appreciates in Value during the period of the Loan. These are the Safest and most prefered Loans. Gold Loans or Home Loans come under this category. Emergency Overdrafts against Term Deposits are also in this category. Since the Collateral is financially rising or appreciating - the Bank is usually not that worried if the Loan becomes a sub standard asset and gives maximum leniency to the borrower (Not in Modis India but still…)Examples Include - Home Loans, Gold Loans, Overdraft against Term Deposits, Equitable MortgagesCollateral - Gold Ornaments for Gold Loans, Property Documents like Title Deeds, Khata, Patta etc, The Property in Itself, Term Deposits with the BankDocuments - ID and Address Proof , PAN Card, Cibil Score (Got by the Bank), Income Proof (IT Returns for 3–5 Years)Processing Time - 7–21 days for Home Loans, 14–30 Days for Equitable Mortgage, 10 Minutes - 3 Hours for Gold Loans, OD against Term DepositsClassification - Low Risk Loans. Default may be there but Bank can always liquidate the Term Deposit and take its dues, sell the gold ornaments and recover dues or sell the property and do the same.Interest Rate - Low rates are charged since risk is low. Home Loans have between 7.25% - 9.5% Floating while Gold Loans have around 10% or so. Loans against Term Deposits have 1.5% higher than Term Deposit Rate [If Term Deposit is getting 8% interest, then Overdraft amount will be charged at 9.5% interest](c) Secured Loans against Depreciating Asset - Loans where the Collateral is provided and Collateral is an Asset which Depreciates in Value during the period of the Loan. The Assets in question are movable assets. Vehicle Loans are Apt examples of such loans.Examples - Vehicle Loans, Agri LoansCollateral - The Vehicle Itself, Vehicle Documents like RC Card, Agricultural Land, Agricultural Produce, Agricultural Machinery and EquipmentDocuments - ID and Address Proof, Family Income Proof (For Agri Loans), Farmer qualification documents (For Agri Loan), Vehicle Pro Forma Invoice (For Vehicle Loan)Processing TIme - 3 - 7 Days (Vehicle Loans) and anywhere between 5–60 Days (Agri Loans)Classification - Vehicle Loans are generally classified as Medium Risk loans. Since mostly salaried individuals take such loans - the default is limited. Roughly 24% of such Loans become default within 9 months of borrowing. However since 2016 - Vehicle Loans have been defaulted by a whopping 38% within the first 9 months and 41% within the first 18 months.Interest Rates - Higher since Assets are Depreciating in value. Ranges between 11% - 14.5%(d) Statutory Loans - These are Loans which are required to be provided to specific communities under Guidelines of Government of India. These Loans have no collateral or collateral depending on the nature and quantum. These Loans are specified by Statue or Legislature or by State or Central govt and Banks operating in India cannot refuse such loans. Education Loans, Farmer Relief Package Loans etc come under this category. These loans are either mandatory as per Government guidelines or they are backed or guaranteed by the Govt of India organizations.Examples - Education Loans, Farmer Relief Waiver Package Loans, Farmer Loans for Relief from Indebtedness, Housing Loans for Farmers/Low Income Group etcCollateral - Education Loans - None upto Rs. 8 Lakhs except Guarantor signature, Collateral of Property/Deposit required beyond Rs. 8 Lakhs [Many Banks demand Collateral even if Quantum is more than Rs 4 Lakhs but that is not as per Guidelines or Circular], None for Farmer Relief Waiver Package Loans or Farmer Loans for Relief from IndebtednessDocuments - For Education Loan - Income and ID Proof, Life Insurance Document, Educational Documents confirming Proof of Admission, Education Institutions Receipts for Fee Demand, Pro- Note signed by GuarantorFor Farmer related Loans - Farmer Qualification Document signed by Panchayat, Income Proof, Property DocumentsClassification- Education Loans are classified as Medium Risk and have a default rate of 59% within the first 6 months of graduation and 43% within the first 12 months and 39% within the first 36 months. However Farmer related loans are classified as VERY HIGH RISK and have default rates as high as 80% - 90% from state to state. Banks lose crores and crores over such loans.Interest - For Education Loans - Interest rate is roughly around 10.75% - 13.5% Floating while for Farmer Related Loans Interest is between 8% - 13.5%(e) Business Loans - Small Businesses like Proprietorships or Partnerships take loans from banks. These loans are also purely based on the Creditworthiness of the Proprietor and Partner and there are no hard and fast rules about quantum or amount. Interest rates are high and Collaterals are generally lower than Business Quantum. Startups may require high collateral but established businesses may be asked to give lesser collateral. Cash/ Credit Loans, Business Overdraft are examplesExamples - Cash/Credit Loans , Business OverdraftsCollaterals - Starting Businesses may require Collateral of Value upto 125% of the Loan amount but Established Businesses may require less collateral or even no collateral at all, Collateral includes Land, Machinery (If Any), Vehicles, Produce etc.Documents - Business Income Proof (IT Returns for 3- 5 years), CIBIL Score of Business, Business PAN Number and TAN Number, Director ID Numbers, Director PAN Numbers/ Partner PAN Numbers / Proprietor PAN Numbers to check CIBIL Score, IT Returns of Partner/Director/Proprietor, Address and ID Proofs etc, Detailed Business PlanClassification - Classified as Medium to High Risk depending on Collateral. Dependent on how a Business performs. Default Rate is around 13% for Proprietorships and Partnerships but increase to around 34% for Private CompaniesInterest Rate - High Interest rate. Usually ranges from around 12% to 18%CORPORATE Loans are generally based exclusively on the Quantum of the Loans and Nature of the Borrowers.The Usual Corporate Loans are entirely Overdrafts which can be enhanced from time to time with no or little collateral. Other examples include Letter of Credit, Financial bank Guarantee, Escrow etc all facilated to do business. In India 51–75% of all Loans are Corporate Loans for PSU Banks and 19–31% of all Loans are Corporate Loans for Private Banks like ICICI or HDFC or Axis BankCustomers include Medium Industries or Large Scale Industries or Small Scale Industries or Mid Corporates or Corporates or even Govt of India OrganizationsExamples - Corporate Overdraft, Letter of Credit, Financial Bank Guarantee, ESCROWCollateral - Usually None is asked. Even if asked Collateral will barely be 15% of the Amount Due at the mostDocuments - Memorandum of Association, Articles of Association, Company Registration Form, Company PAN and TAN Number, Company Corporate Policy, Business Plans, Business Analysis by Bank Experts, Asset and Company Valuation, Director Personal Guarantees, Director Documents, LC Documents (Export Manifest, Import Manifest, Customs Bill of Lading etc)Classification - High Risk. Indias Huge NPA problem is because of losses incurred in these Loans. During UPA - 10.7% of these Loans were classified as Default but under NDA from 2016 - 2019 - this figure has ballooned to 32.4% and is fast ballooning into a much larger figure. Largely responsible for the Low Consumer Demand Today.Interest - Generally decided by a Credit Committee. Could be as low as 9.5% but could be as high as 22% (Vijay Mallyas latest amount)