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What are the Differences Between Bank Guarantees and Letters of Credit?

What are the Differences Between Bank Guarantees and Letters of Credit?

Ozgur Eker (CDCS) -
Demand guarantee is an irrevocable undertaking issued by a bank according to instructions received from the principal, to pay the beneficiary any sum that...
how does an import letter of credit workvideo

How Does an Import Letter of Credit Work in International Trade Transactions?

Ozgur Eker (CDCS) -
On this page, I will try to answer the question “How Does an Import Letter of Credit Work?” by explaining the import letter of...
letter of credit transactionvideo

Letter of Credit Transaction

Ozgur Eker (CDCS) -
On my previous posts, I have not only made a definition of a letter of credit, but also clarified its types and parties that involved...
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Electronic Letters of Credit

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Swift Messages in Letters of Creditvideo

Swift Messages in Letters of Credit

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