International Business
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Demystifying the LC Opening Process: A Comprehensive Guide
Table of ContentsIntroduction1. Understanding the Letter of Credit (LC)2. Roles and Responsibilities of Parties Involved3. Preparing the LC Application4. Issuing…
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The 9 Most Powerful Regional Trade Blocs in The World Economy
Definition of Trade blocs: A trade bloc is an association of countries that work together to provide special deals for…
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Different Tools Of Protectionism In International Business
Protectionism is the discouraging of imports by, for example, raising tariff barriers and imposing quotas in order to favor local…
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The Precautions To Be Taken before Granting A Packing Credit For Export Under L/C
The normal credit appraisal norms used by the bank are applied in the case of grant of packing credit also.…
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The Purpose of Uniform Customs and Practice for Documentary Credits
In the sphere of international trade the letter of credit occupies an important place as a method of payment. But…
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Advantages and Disadvantages of Letter of Credit
Advantages of Letter of Credit. To the exporter the advantages are: 1. The first advantage is from the financial point…
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The Mechanism of a Letter of Credit in ForeignTrade
A letter of credit is an arrangement whereby a bank at the request and in accordance with the instructions of…
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The Structure and Organization of Foreign Exchange Market in India
The foreign exchange market in India is patterned after the markets in the UK and the USA. There is no…
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Difference Between Nostro Vostro and Loro Accounts
Nostro, Vostro and Loro Accounts: To facilitate dealings in foreign exchange, a bank in India maintains bank accounts at selected…
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Difference Between Dealing Position and Cash Position
Foreign exchange is such a sensitive commodity and subject to wide fluctuations in price that the bank which deals in…
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