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).
Consignee of a Bill of Lading
What Does Consignee Mean?
Consignee means a person entitled to delivery of the goods under a contract of carriage indicated on a bill of lading.
Consignee...
How to Complete a Bill of Lading under a Letter of Credit Payment?
Bill of lading is a transport document covering the carriage of goods by sea.
Letters of credit rules define 4 different types of bills of...
Parties on a Bill of Lading: Shipper, Consignee, Notify Party and Carrier
Bill of lading is a transport document covering the carriage of goods by sea.
It is possible to find four different parties on a typical...
Approval Basis
Definition: Approval basis is a letter of credit term used in situations where the beneficiary could not prepare the documents according to the letter...
Freight Notations Under Letters of Credit: Freight Prepaid or Freight Collect
Determining the party who arranges the transportation and pays for the transport cost is one of the major decisions in any international trade transaction.
The...
Letter of Credit Glossary – Most Frequently Used L/C Terms
You can find most frequently used letters of credit terms on this page. Please click links for further explanations.
About Means a tolerance of...
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...
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