Tag: 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...
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 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, 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...
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
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
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) 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 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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