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...
letter of credit mistakes

5 Biggest Letter of Credit Mistakes

In international trade, there are couple of payment options available such as cash against documents, open account, advance payment and letter of credit. Letter of...
how does an import letter of credit workvideo

How Does an Import Letter of Credit Work in International Trade Transactions?

On this page, I will try to answer the question “How Does an Import Letter of Credit Work?” by explaining the import letter of...

How to Open a Letter of Credit?

On this page, I will try to answer the question "How to open a letter of credit?" by explaining the lc application process  in...
letter of credit issuance fees

How Much Does It Cost to Open a Letter of Credit?

On this page, I will try to explain the letter of credit issuance costs, and the main factors that are effecting them. Letter of credit...
letter of credit transactionvideo

Letter of Credit Transaction

On my previous posts, I have not only made a definition of a letter of credit, but also clarified its types and parties that involved...
How to Work With a Letter of Credit Sample?

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...
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