Rail Transport Document (CIM)
On this page, I will try to explain you "Rail Transport Document" and its applications in letters of credit transactions.
Banks mention "Rail Transport Document"...
Document Issued or Countersigned by the Applicant: What are the Risks?
What are the risks of a document which is to be issued, signed or countersigned by the applicant in a letter of credit transaction?
In...
Certified Commercial Invoice and Legalized Commercial Invoice
A certified commercial invoice is a commercial document, which is issued by the beneficiary of the letter of credit and certified by the chamber...
All Risks Insurance Policy Under L/C Payments
Letter of credit conditions must be clear and precise without leaving any room for ambiguity.
In terms of insurance documents, the letter of credit must...
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,...
What Happens if Letter of Credit is Silent in Regards to the Period of...
Documents must be presented to the nominated banks within allowed time frame under letters of credit payments.
Otherwise issuing banks or confirming banks raise late...
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...
Commercial Invoice
Commercial invoice is a document which is used mostly in international trade transactions.
It is a commercial document required by customs to determine true value...
How to Determine Date of Shipment on a Charter Party 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...
How to Determine Date of Shipment on a Multimodal 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...
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