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...
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...
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,...
Payment-Methods-in-International-Trade.pngvideo

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)...
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...
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