WITHOUT RISK

GLOBAL SUPPLY MANAGEMENT REQUIRES INTEGRATED, INCLUSIVE, REAL TIME TECHNOLOGY

If you are a European, American or Asian company buying in Russia, there is only one way to eliminate unacceptable risk

Ten years of experience have taught this simple lesson to all experienced corporate purchasing agents world-wide

Palms & Company has 21 offices in Russia Eastern Europe, The Baltics, Central Eurasia and the staff and the contacts and connections to arrange:

• Timely delivery to a bonded warehouse of your choice outside Russia
• Uninsurable in-country freight transport risks left with the seller
• In transit mysterious disappearance risks left with the seller
• Intransit quality substitution risks left with the seller
• Russian exit tariffs, duty, excise tax, and VAT risks left with the seller
• Risks of irregularities in Customs procedures left with the seller
• In-country freight costs advanced and paid by Palms & Company
• Seller's costs of good sold for OEM components or raw materials financed by Palms
• Quality inspections performed by buyer at our bonded warehouse outside Russia
• LME certified analysts perform chemical analysis of metals

Risks that are eliminated when Palms & Company acts as the buying agent.

1. Palms & Company arranges for Russian company to ship his goods to our bonded warehouse in Western Europe (Or Japan for Western markets)

2. Buyer may buy f.o.b. warehouse outside Russia which is a considerable advantage and reduces all of the risks commonly associated with buying inside Russia. If the seller can't afford it, we will arrange to cover shipping costs and costs of goods sold and OEM components for which the seller must pay his suppliers in Russia

3. Buyer can rest assured goods will be delivered on time

4. Buyer knows there will be no uninsured loss while goods are in transit within Russia.

5. Buyer does not have to be concerned that bribes will be requested to permit his purchase to leave the country. All involvement with Rusian Customs Department is eliminated.

6. Buyer need not worry that fraud will exist in Letter of Credit documentation supplied by seller. beneficiaries are never in Russia and no Russian banks are involved. Beneficiaries banks are AMBN-AMRO and Deutsche Bank and banks of that calibre.

7. Buyer can rely on an inspection made in a bonded warehouse in Western Europe eliminating the risk of substitution of lesser quality after inspection if good are outside buyer's control following inspection

8. Palms & Company has been well known to Russian government and companies for 10 years. Bluntly put, theft is perpetrated upon others rather than upon us. There is less trouble, for the thieves if they pick on anyone other than Palms & Company.

9. Our representatives in branch offices in Russia include employees of Ministries, employees of Presidential Administration offices, Russian attorneys,

10. We make purchases within Russia with our rubles, keeping the buyer's dollars outside Russia. Dollars outside the U.S. are worth as much as 40% more than dollars inside Russia, because internal dollars cannot be freely exported. This reduces the purchase prices paid by our clients.

11. pricing in Russia is two tiered, low for domestic buyers and consumption (below western production costs) and high for "foreign" buyers. Palms & Company is accepted in Russia as a domestic buyer.

How to pay for what you buy in Russia

"Black Cash Tax Evasion in Russia": its Forms, Incentives and Consequences at the Firm Level (The role of, and effect upon, international customers and letters of credit vs. c.o.d. and f.o.b. buyer's premises payments)

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