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...
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 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...
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...
What does a non-documentary condition mean?
Non-documentary condition can be defined as any instruction or condition that is not clearly attributable to a document to be stipulated in a documentary...
Partial Acceptance of Amendments
According to the letter of credit rules, the beneficiary should communicate its acceptance of the amendment to the bank that advised such amendment.
The beneficiary...
How to Determine Maturity Date if Letter of Credit States That Tenor of the...
Maturity date is a term related to a time draft.
A time draft is a form of payment that is guaranteed by an issuing bank,...
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