How Does a Bill of Exchange Work?
Bill of exchange, which is also known as draft, is a financial document commonly used in international trade transactions.
According to UK's Bill of Exchange...
Sea Waybill (Non-Negotiable Bill of Lading)
Transport documents can be classified under two main groups: Negotiable transport documents and non-negotiable transport documents.
Bill of lading has always been a negotiable transport...
How to Complete a Bill of Lading under a Letter of Credit Payment?
Bill of lading is a transport document covering the carriage of goods by sea.
Letters of credit rules define 4 different types of bills of...
Amount of Cargo Insurance Coverage Example under an L/C Payment
The purpose of taking out insurance is to receive compensation in case the goods do not arrive or are damaged.
Therefore, the policy holder must...
Presentation – Letter of Credit Documents
Proforma Invoice
In international trade transactions, a proforma invoice is a trade document which states a commitment from the seller (exporter) to sell goods...
Insurance Documents
Insurance defined by merriam-webster dictionary as "a coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified...
Shipping Documents
Shipping documents, when used as a term in a letter of credit, could create problems between the issuing bank and the beneficiary due to...
How to Determine Date of Shipment on an Air Transport Document?
An air waybill is a document covering the carriage of goods by plane from one airport to another.
Date of shipment is one of the...
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