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Letter of Credit Basics

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

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...
letter of credit risks

Risks in Letters of Credit

Documentary credit is an essential part of the export process. The documentary credit system has been used for over a hundred and fifty years, and still plays a...
Reimbursement and Reimbursing Bank

Reimbursement and Reimbursing Bank

What Does Reimbursement Mean? Reimbursement is defined as a compensation paid to someone for an expense. In order to be reimbursed by another person or organisation,...
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How to Check a Letter of Credit as an Exporter?

Documentary letters of credit are internationally recognized instruments that help ensure the creditworthiness and payment of the overseas parties you’re trading with. Letter of credit...

How to Cancel a Letter of Credit?

According to the letter of credit rules, a letter of credit should be issued in an irrevocable form, as a result it cannot be...
Latest Date of Shipment and Expiry Date

What Does Latest Date of Shipment and Expiry Date Mean in a Letter of...

On this post, you can find explanations regarding the latest date of shipment and expiry date. If a letter of credit requests presentation of a...
How Does a Negotiable Letter of Credit Work?

How Does a Negotiable Letter of Credit Work?

What Does Negotiation Mean? Negotiation means the purchase by the nominated bank of drafts (drawn on a bank other than the nominated bank) and/or documents...
Letter of credit fees

Letter of Credit Fees

Letters of credit have certain advantages as an international payment method. If you have enough knowledge and expertise on letters of credit field, then you...
shipping marks

Shipping Marks

Packages, which are subject to international transportation, must be spotted and recognized at a distance with ease. Exporters and carriers add some sort of identification...

Top 10 Letter of Credit Discrepancies

Discrepancy can be defined as an error or defect, according to the issuing bank, in the presented documents compared to the documentary credit, the...
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