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Ozgur Eker (CDCS)

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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).
Freight Notations Under Letters of Credit: Freight Prepaid or Freight Collect

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

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 ebooks

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 Creditvideo

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 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 bills of lading under one letter of credit presentation?

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?

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 holiday?

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?

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?

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...
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