Business
Business related articles
Difference between Factoring and Forfaiting
October 17, 2018
Difference between Factoring and Forfaiting
Factoring and Forfaiting. Factoring is the system of advancing against book debts. Factoring involves assignment of book debts by clients…
What are the Roles of Export Import Bank of India (Part 2)
October 16, 2018
What are the Roles of Export Import Bank of India (Part 2)
Exim Bank concentrates on medium and long-term financing, leaving the short-term financing to be handled by commercial banks. The activities…
What are the Roles of Export Import Bank of India (Part 1)
October 16, 2018
What are the Roles of Export Import Bank of India (Part 1)
The Export Import Bank of India (Exim Bank) is a public sector financial institution established on January 1, 1982. It…
What do you understand by Project Exports?
October 15, 2018
What do you understand by Project Exports?
Here is the complete procedure laid down by Reserve Bank of India for financing export of engineering goods on deferred…
What Deferred Payment and Turnkey Projects
October 15, 2018
What Deferred Payment and Turnkey Projects
Your customer ABC Ltd., has been awarded a contract of US $ 2 million for the supply of engineering goods…
Buyer’s Credit and Seller’s Credit in Export of Capital Goods
October 14, 2018
Buyer’s Credit and Seller’s Credit in Export of Capital Goods
The terms supplier’s credit (or seller’s credit) and buyer’s credit are commonly used in transactions involving export of capital and…
What precautions will you take before negotiation of the bill
October 13, 2018
What precautions will you take before negotiation of the bill
L/C expired on 15th May 2015 but documents have been presented on 17th May, 2015. What precautions will you take…
10 Discrepancies Commonly found in Shipping Documents covering Exports
October 13, 2018
10 Discrepancies Commonly found in Shipping Documents covering Exports
The common discrepancies found in documents tendered under a letter of credit can broadly be classified under two heads: (i)…
The importance of critical verification of documents under a letter of credit
October 13, 2018
The importance of critical verification of documents under a letter of credit
While negotiating documents under a letter of credit, the bank will adhere to the principle of strict compliance. That is,…
The authorized dealer’s obligation in respect of Exchange Control regulations pertaining to Exports
October 12, 2018
The authorized dealer’s obligation in respect of Exchange Control regulations pertaining to Exports
The authorized dealer’s obligation in respect of Exchange Control regulations pertaining to the following: (a) Follow-up of overdue bills. (b)…