Tag: Presentation
Presentation – Top 10 Letter of Credit Discrepancies
What is a Discrepancy?
There is no definition of a discrepancy under the current letter of credit rules, UCP 600.
Discrepancy can be defined...
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...
Presentation – Types of Letters of Credit
Commercial Letters of Credit
Commercial credits are used mainly in export and import transactions of tangible goods.
Majority of commercial letters of credit are...
Presentation – Parties to the Letter of Credit
Issuing Bank
Issuing Bank is the bank that issues a letter of credit at the request of an applicant or its own behalf.
Letter...
Presentation – What is a Letter of Credit?
What is a Letter of Credit?
By reading this presentation, you will gather some basic yet very important information regarding the letters of credit.
Understanding the...