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What is discounting in a letter of credit transaction?

Letter of credit discounting is related to the letters of credit which are available with deferred payment, acceptance or negotiation.
What does non-documentary condition mean? 

Non-documentary condition can be defined as any instruction or condition that is not clearly attributable to a document to be stipulated in a documentary credit.
Date of Shipment

Date of shipment is one of the key definitions in a letter of credit transaction. How to determine date of shipment on transport documents?
Understanding Electronic Letters of Credit


Electronic letter of credit can be defined as a letter of credit transaction which is carried our entirely on electronic means of communication and issued according to the rules such as eUCP allowing electronic presentations.
DOCDEX - ICC’s Documentary Credit Dispute Resolution Expertise

Docdex is one of the options available to solve letter of credit disputes. Its full name is “ICC’s Documentary Credit Dispute Resolution Expertise”. 
Dates of the Documents : Possible source of discrepancies and source of frustration

You should always be very careful with the dates of the documents as this subject is one of the main source of discrepancies for letters of credit transactions all around the world. 
Shipping Documents Term under Letters of Credit

Shipping documents, when used as a term in a letter of credit, could create problems between the issuing bank and the beneficiary due to its obscure meaning.  
What happens if a letter of credit calls for a wrong Incoterms?

Most of the time exporters and importers use wrong international commercial terms in their sales contracts. These kinds of mistakes would be very evident if parties decide to use a trade terms with an unsuitable mode of transport. 
Partial Acceptance of Amendments

Can beneficiaries accept amendments not whole but in partial? Is it allowed partial acceptance of amendments under letter of credit rules?
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Bank in Letters of Credit:
Banks play a key role in letters of credit transactions. They start and end the L/C operations. Without banks we cannot talk about any L/C transactions.
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Which currencies used in letters of credit transactions?

By reading this article you should understand the main currencies used in international letters of credit transactions such as USD, EUR, RMB,JPY and AED.
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What does duplicate, triplicate mean in a letter of credit?
Letters of credit a have special jargon. If you are not familiar with L/C language, you may not be able to understand what letter of credit is telling to you.