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...
- Advertisement -
- Homepage
- L/C Consultancy
- Letters of Credit
- Letter of Credit Basics
- Letter of Credit Samples
- Swift Messages
- MT 700 Swift Message Field Specifications
- Part I
- Field 40A: Form of Documentary Credit
- Field 20: Documentary Credit Number
- Field 23: Reference to Pre-Advice
- Field 31C: Date of Issue
- Field 40E: Applicable Rules
- Field 31D: Date and Place of Expiry
- Field 51a: Applicant Bank
- Field 50: Applicant
- Field 59: Beneficiary
- Field 32B: Currency Code, Amount
- Field 39A: Percentage Credit Amount Tolerance
- Field 39B: Maximum Credit Amount
- Field 39C: Additional Amounts Covered
- Field 41a: Available With … By …
- Field 42C: Drafts at
- Field 42a: Drawee
- Field 42M: Mixed Payment
- Field 42P: Negotiation/Deferred Payment Details
- Part II
- Field 43P: Partial Shipments
- Field 43T: Transshipment
- Field 44A: Place of Taking in Charge/Dispatch from …/ Place of Receipt
- Field 44E: Port of Loading/Airport of Departure
- Field 44F: Port of Discharge/Airport of Destination
- Field 44B: Place of Final Destination/Place of Delivery
- Field 44C: Latest Date of Shipment
- Field 44D: Shipment Period
- Field 45A: Description of Goods and/or Services
- Field 46A: Documents Required
- Field 47A: Additional Conditions
- Part III
- Part I
- MT 705 Pre-Advice of a Documentary Credit
- MT 707 Amendment to a Documentary Credit
- MT 710 Advice of a Third Bank’s or a Non-Bank’s Documentary Credit
- MT 720 Transfer of a Documentary Credit
- MT 730 Acknowledgement
- MT 732 Advice of Discharge
- MT 734 Advice of Refusal
- MT 740 Authorisation to Reimburse
- MT 742 Reimbursement Claim
- MT 747 Amendment to an Authorisation to Reimburse
- MT 750 Advice of Discrepancy
- MT 752 Authorisation to Pay, Accept or Negotiate
- MT 754 Advice of Payment/Acceptance/Negotiation
- MT 756 Advice of Reimbursement or Payment
- MT 700 Swift Message Field Specifications
- Rules
- Standby Letters of Credit
- Bank Guarantees
- Documents
- Proforma Invoice
- International Sales Contract
- Transport Documents
- Bill of Exchange
- Commercial Invoice
- Certified Commercial Invoice and Legalized Commercial Invoice
- Insurance Documents
- Health Certificate
- Inspection Certificate
- Packing List and Weight List
- Pre-Export Verification of Conformity (PVoC) Certificate
- Shipment Advice
- Questions and Answers
- Discrepancies
- Videos
© Copyright 2008-2019. All Rights Reserved.
The articles written on this website are not to be construed as being other than solely for benefit or guidance and there should be no legal imputation associated with the opinions offered. Neither the owner nor any of its employees, nor any other person acting as a guest blogger, nor this website, shall be liable to any person for any loss or damage arising out of any act or omission in connection with the published articles.