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).
Parties to Letters of Credit
This page deals with the parties of the letter of credit.
Main parties of a typical letter of credit transaction are applicant, beneficiary, issuing bank, confirming bank, nominated bank,...
Types of Letters of Credit
Have you ever heard any of the following trade finance terms and wonder their meanings: red clause, confirmed, standby, irrevocable.
These are the terms that...
What is Letter of Credit
Letter of credit, in a broad perspective, is one of the payment methods in international trade.
The letter of credit is distinguished itself from other...
Confirmed Letter of Credit Sample
Confirmation means a definite undertaking of the confirming bank, in addition to that of the issuing bank, to honour or negotiate a complying presentation.
Confirming bank...
Standby Letter of Credit Sample in Swift Format
A standby letter of credit is the bank's undertaking of fulfilling the applicant's obligations.
A standby letter of credit is issued as collateral and is...
Irrevocable Deferred Payment Letter of Credit Sample in Swift Format
Deferred payment is one of the payment options available under letters of credit, along with sight payment, acceptance and negotiation.
Under deferred payment terms, exporters receive...
How to Read Sample Letter of Credit?
On my previous post, I have explained "How to Work With a Letter of Credit Sample."
Today's post is the second part of the explanatory...
How to Work With a Letter of Credit Sample?
You should understand that letter of credit samples would not be a magic formula to solve your letter of credit problems.
Letter of credit is...
Irrevocable Letter of Credit Sample
On today's post, I would like to share an irrevocable letter of credit sample in swift format.
Recently I have explained the reason why I...
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