Home Letter of Credit Basics

Letter of Credit Basics

Understanding main concepts of letters of credit and most frequently used terms related to L/C payments.

Letter of Credit Glossary

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...
Advantages and Disadvantages of Letters of Credit

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...
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 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,...
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...
How to determine date of shipment on a Charter Party Bill of Lading?

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...
How to determine date of shipment on a Non-Negotiable Sea Waybill?

How to Determine Date of Shipment on a Sea Waybill?

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 Multimodal Bill of Lading?

How to Determine Date of Shipment on a Multimodal 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...
To Order and Blank Endorsed Bill of Lading

To Order and Blank Endorsed Bill of Lading

Bill of lading, which is a transport document used in international trade, is an authentic receipt delivered by a carrier, confirming that the goods...
bill of lading title. ocean or marine bill of lading

Importance of Bill of Lading Title: Ocean or Marine Bill of Lading

Issuing banks often require an ocean bill of lading or a marine bill of lading under letters of credit as a transport document. The question...
- Advertisement -

MOST POPULAR

LATEST POSTS