Ozgur Eker (CDCS)
Hello. My name is Ozgur Eker. Since 2009, I am a professional and independent letter of credit consultant from Izmir, Turkey. I have a bachelor's degree in business administration and master's degree in international trade and finance; awarded with CDCS (Certified Documentary Credit Specialist) two times between (2010-2013) and (2013-2016).
Letter of Credit Glossary – Most Frequently Used L/C Terms
About Means a tolerance of +/- 10% regarding the documentary credit value, unit price or the quantity of the goods.
Acceptance A time...
UCP 600 e-Books That Every Exporter and Importer Should Read
UCP 600 is the latest version of the letter of credit rules. It is drafted by ICC Banking Commission and published by ICC Services.
Its...
Advantages and Disadvantages of Letters of Credit
Letter of credit is one of the payment methods in international trade. Just like other payment methods it has certain advantages and disadvantages.
Advantages of...
Revocable and Irrevocable Letters of Credit
Revocable Letters of Credit: Revocable letter of credit can be modified or cancelled by the issuing bank after its issuance at any moment without...
Is It Possible to Submit 2 Sets Bills of Lading Under One Letter of...
Amer from Ajman (United Arab Emirates (UAE)) asks this question. I would like to thank him once again for this great question.
Question: I have...
What is the Meaning of by Payment?
At sight payment is a payment due on demand.
At sight letter of credit can be defined as a letter of credit that is payable...
What Happens if Due Date of a Letter of Credit Falls on a Bank...
Letter of credit is a conditional payment method. It is only payable if the issuing or confirming bank determines that the presentation is complying.
Once,...
What are the Differences Between MT 700 and MT 760?
MT700 and MT760 swift message types that banks use when issuing documentary credits and guarantees, respectively.
Banks use MT700 when issuing a commercial letter...
How to Determine Date of Shipment on a Road Transport Document?
Date of shipment is one of the key definitions in a letter of credit transaction. It is used to determine
whether shipment made on...
How to Determine Date of Shipment on a Charter Party Bill of Lading?
Date of shipment is one of the key definitions in a letter of credit transaction. It is used to determine
whether shipment made on...
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