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Presentations
letterofcredit.biz is your gateway to International Trade Finance World designed & developed by a Certified Documentary Credit Specialist.
Letter of Credit Samples
Letter of Credit Basics
Letter of Credit Rules
Standby Letter of Credit
- What is Letter of Credit?
- Types of Letters of Credit - Part I
- Types of Letters of Credit - Part II
- Parties to Letters of Credit
- Risks in Letters of Credit
- Basic Letter of Credit Transaction
- Availability of Letters of Credit
- Confirmation and Confirmed Letter of Credit
- Letter of Credit Fees
- Discrepancies
Letter of Credit Documents
- UCP 600
- UCP 600 online
- UCP Latest Version
- International Standard Banking Practice - 2007 Edition (ISBP 2007)
- International Standard Banking Practice - 2013 Edition (ISBP 2013)
- URR 725 - The Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits
- Incoterms
- Incoterms 2000
- Incoterms 2010
- Standby Letters of Credit
- Standby Letters of Credit Types
- Differences Between Standby Letter of Credit vs Commercial Letter of Credit
- ISP 98 - International Standby Practices
- Standby Letter of Credit Sample
- Risks in Standby Letters of Credit
- Basic Standby Letter of Credit Transaction
Payment Methods in International Trade
Swift Message Types Used in Documentary Credit Transactions
Types of Letters of Credit
- How to Open a Letter of Credit?
- How Does an Import Letter of Credit Work in International Trade Transactions?
- How Much Does It Cost to Open a Letter of Credit?
- 5 Things You Should Never Do When Working with a Letter of Credit for the First Time
- Understand most common discrepancies in lc transactions to avoid them
- How to handle a letter of credit which contains a Joker Clause?
- How to deal with high banking commissions under letters of credit as an exporter?
- How to determine correct languages when issuing letter of credit documents?
- What are the main currencies used in international trade finance?
- What are the main differences between cash against documents vs letters of credit?
- What happens if a letter of credit calls for a wrong Incoterms?
- How to discount letters of credit?
- What does non-documentary condition mean?
How to Work with Letters of Credit?
Letters of Credit have certain advantages in foreign trade transactions not only for exporters but also for importers.
Some Advantages of Letter of Credits for Exporters :
- Letters of Credit give comfort to exporters regarding the payment. Exporters know that as long as they comply with the terms and conditions of the Credit they will be paid.
- Payment guarantee is given by a Bank.
- Exporters can demand from an another bank to add its guarantee to the Credit in order to overcome various risks such as political risk.
- Conditions of the Credit will not be changed without the permission and consent of the exporter as long as credit is irrevocable.
Some Advantages of Letter of Credits for Importers :
- Importers can negotiate for more favourable terms with the Exporters if Letter of Credit is offered as a payment.
- Importers know that exporters will not be paid unless they comply with the terms and conditions of the Credit.
- Importers can use Letter of Credit as a finance tool to finalize the transaction.
Majority of the international trade companies especially SME could not be benefited from these advantages as Letter of Credit is one of the most complex field in international trade. Unfortunately not every company could hire a LC expert to deal with LCs professionally. That is the reason why LC Consultancy Services has been founded. Supply best LC expertise available to international trade companies especially SME with unbelievable competitive prices.
Have you ever come to the conclusion of not using Letter of Credit in your business one of the reasons below.
- No clear idea how LCs work
- Lack of professional staff to handle LCs
- Rejection of your documents by banks
- Discrepancies that have found on your documents can not be fixed for timely presentation
- Discrepancy fees arising from the incorrect documentation
- The fear of not getting paid at all due to discrepant documents
None of these excuses should justify choosing risky payment methods in international trade. We are ready to supply you highest LC expertise with very considerable fee. Whether you are an exporter or an importer all you need to do is contact us and explain your situation. We will guide you throughout the LC operation from beginning to end to make sure that the transaction is completed without any problem.
Consultancy
Some Important Applications of UCP 600
- Sample at Sight Bill of Exchange (Draft) in Letters of Credit
- Bill of Exchange (Draft) Transaction
- What is Irrevocable Letter of Credit? : Definition and Application
- International Commercial Terms : INCOTERMS
- What Does Latest Date of Shipment and Expiry Date Mean in a Letter of Credit?
- What is a Transferable Letter of Credit?
- What is a Date of Shipment?
Country Insights of International Trade and Trade Finance
- Russia Country Report
- Saudi Arabia Country Report
- Field 27 Sequence of Total
- Field 40A Form of Documentary Credit
- Field 20 Documentary Credit Number
- Field 23 Reference to Pre-Advice
- Field 31C Date of Issue
- Field 40E Applicable Rules
- Field 31D Date and Place of Expiry
- Field 51a Applicant Bank
- Field 50 Applicant
- Field 59 Beneficiary
- Field 32B Currency Code, Amount
- Field 39A Percentage Credit Amount Tolerance
- Field 39B Maximum Credit Amount
- Field 39C Additional Amounts Covered
- Field 41a Available With ... By ...
- Field 42C Drafts at ...
- Field 42a Drawee
- Field 42M Mixed Payment Details
How to Read Letters of Credit?
- Field 43P Partial Shipments
- Field 43T Transshipment
- Field 44A Place of Taking in Charge/Dispatch from .../ Place of Receipt
- Field 44E Port of Loading/Airport of Departure
- Field 44F Port of Discharge/Airport of Destination
- Field 44B Place of Final Destination/For Transportation to.../ Place of Delivery
- Field 44C Latest Date of Shipment
- Field 44D Shipment Period
- Field 45A Description of Goods and/or Services
- Field 46A Documents Required
- Field 47A Additional Conditions
- Field 71B Charges
- Field 48 Period for Presentation
- Field 49 Confirmation Instructions
- Field 53a Reimbursing Bank
- Field 78 Instructions to the Paying/Accepting/Negotiating Bank
- Field 57a 'Advise Through' Bank
- Field 72 Sender to Receiver Information
Bank Guarantees - Performance Bonds
Alternative Trade Finance Instruments
Letter of Credit | About Us | Our Services | Contact | CDCS | Certified Documentary Credit Specialist |© 2009-2010 Letter of Credit Consultancy Services. All rights reserved. Best view with 1024 X 768 resolution. | Privacy Policy |Hi, my name is "Ozgur Eker" (CDCS). You can connect with me either via my contact form or Google Plus.
CDCS
Certified Documentary Credit Specialist
CDCS 2014 examination will take place on 11 April 2014 (please note: students sitting examinations in China, Hong Kong and South Korea will be examined on 12 April 2014).
View the examination venues.
Settling Documentary Credit Disputes
