How to Determine Date of Shipment on a 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...
Correct Addresses of the Beneficiary and the Applicant
When the addresses of the beneficiary and the applicant appear in any stipulated document, they need not be the same as those stated in...
Partial Drawings and Partial Shipments: What is the Difference?
Partial shipment and partial drawing terms are usually used with the same meaning in export and import transactions.
But this is not necessarily the case...
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...
Is It Possible to Get Partial Payments When Making Partial Shipments?
Partial shipments, partial drawings and partial payments are very closely related terms in letters of credit transactions.
A beneficiary can make partial shipments, if the...
Letter of Credit Discounting
Letter of credit is not a cheque, but rather it is a conditional payment undertaking of the issuing bank.
As a result a beneficiary first...
How to Determine Date of Shipment on an Air Transport Document?
An air waybill is a document covering the carriage of goods by plane from one airport to another.
Date of shipment is one of the...
What are the differences between received for shipment bill of lading and pre-printed shipped...
There are two types of bills of lading circulating around the globe in terms of pre-printed notifications:
Received for shipment bills of lading: Goods...
Approval Basis
Definition: Approval basis is a letter of credit term used in situations where the beneficiary could not prepare the documents according to the letter...
What happens if court stops payment of an irrevocable, confirmed letter of credit?
In many countries, applicants able to prevent payments under letters of credit by obtaining court orders on the grounds that low quality goods shipment...
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