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Presentation – Letter of Credit Documents

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...
Differences Between MBL (Master Bill of Lading) and HBL (House Bill of Lading)

What are the Differences Between MBL (Master Bill of Lading) and HBL (House Bill...

Understanding the differences between a master bill of lading and a house bill of lading in export and import transactions. What Does a Master Bill...
What does duplicate, triplicate, quadruplicate, quintuplicate etc. mean?

What Does Duplicate, Triplicate Mean in a Letter of Credit?

Letters of credit have a special jargon. If you are not familiar with the L/C language, you may not be able to understand what letter...
shipping documents

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 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...
What are the differences between received for shipment bill of lading and pre-printed shipped bill of lading?

What are the differences between received for shipment bill of lading and pre-printed shipped...

There are two types of bills of lading circulating around the globe in terms of pre-printed notifications: Received for shipment bills of lading: Goods...
language of letter of credit documents

Language of Letter of Credit Documents

Banks decide whether a presentation is complying or not by only checking the documents under the letters of credit transactions. Banks should be able to...
shipment advice

Shipment Advice

A shipment advice is a commercial document , which is issued by the exporter, who is the beneficiary of the letter of credit, in...
Pre-Export Verification of Conformity (PVoC) Programme

Pre-Export Verification of Conformity (PVoC) Certificate

PVoC is a conformity assessment programme lunched by some African states with the aim of controlling the quality of imported goods in order to...
insurance documents

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...
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