How to Check a Letter of Credit as an Exporter?
Documentary letters of credit are internationally recognized instruments that help ensure the creditworthiness and payment of the overseas parties you’re trading with.
Letter of credit...
Certificate of Origin
A Certificate of Origin (often abbreviated to CO, C/O, COO) is a trade document, which identifies the origin of goods that is being exported...
What is Letter of Credit
Letter of credit, in a broad perspective, is one of the payment methods in international trade.
The letter of credit is distinguished itself from other...
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...
Freight Containers: Classification, Sizes and Dimensions
History of Freight Containers:
Standardization is one of the key elements of our modern civilization. By standardization we increase productivity, decrease costs and improve quality...
Bank Guarantees
What is a Bank Guarantee?
Guarantees are usually issued by banks, which is why they are also called 'bank guarantees'; however, they can also be...
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)...
Proforma Invoice
In international trade, a proforma invoice means a trade document that states a commitment from the seller (exporter) to sell goods to the buyer...
How Does an Import Letter of Credit Work in International Trade Transactions?
On this page, I will try to answer the question “How Does an Import Letter of Credit Work?” by explaining the import letter of...
When Issuing Bank is also Applicant of a Letter of Credit: Islamic Finance, Leasing...
Applicant means the party on whose request the credit is issued. Applicant is the importer in a typical international commercial letter of credit.
Issuing bank...