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Home Letter of Credit Basics How to Work With a Letter of Credit

How to Work With a Letter of Credit

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...
Made Out to the Order of

What Does “Made Out to the Order of” Mean in a Bill of Lading?

Majority of the letters of credits are asking for a bill of lading which must be issued made out to the order of the...
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