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Advantages and Disadvantages of Letters of Creditvideo

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...
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Payment Methods in International Trade

There are 5 types of payment methods available in international trade. These payment types are cash-in-advance, open account, documentary collections, documentary credits (letters of credit)...
BCG and SWIFT Published Global Payments Report 2014

BCG and SWIFT Published Global Payments Report 2014

The Boston Consulting Group (BCG) published in cooperation with Swift a new report on consumer payments-exploring key trends in Europe, North America, and rapidly...
Revolving Letter of Credit

Revolving Letter of Credit

Revolving letter of credit is a special type of letter of credit, which is not covered under the UCP 600 rules. Contrary to popular belief,...
Understanding the benefits of confirmed lc at sight.

Confirmed L/C at Sight

Confirmed L/C at sight covers two definitions: Confirmed letter of credit which is payable at sight. Letters of credit can permit the beneficiary to be...
URBPO - ICC Uniform Rules for Bank Payment Obligations

URBPO – ICC Uniform Rules for Bank Payment Obligations – ICC Publication No. 750

What Does URBPO Mean? The URBPO are the Uniform Rules for Bank Payment Obligations ICC publication No. 750. URBPO were approved by the ICC national committees...
BANK PAYMENT OBLIGATION

Bank Payment Obligation – BPO

Each payment method in international trade have strengths and weaknesses. For example, open account and cash in advance payments are elementary payment options. They are...
. Cash in advance payment in international trade Cash in advance payment in international trade

Cash in Advance Payment

Cash in advance (CIA) is a payment method in international trade. Cash in advance is also known as cash with order or advance payment...
What does documentary collection mean in international tradevideo

Documentary Collections – Cash Against Documents (CAD)

Documentary collection (D/C) is a payment method in international trade. Documentary collection is also known as Cash Against Documents (CAD) by most exporters and importers. Documentary...
Differences Between Cash Against Documents and Letters of Credit

What Are the Differences Between Cash Against Documents and Letters of Credit?

Letters of credit (l/c) and cash against documents (documentary collections, cad) are both payment methods in international trade. Their combined share is around 50% in...
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