Business
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The exchange control regulations relating to imports into India
October 3, 2018
The exchange control regulations relating to imports into India
The exchange control regulations relating to imports mainly cover (a) payment against import, (b) opening of letters of credit, and…
What are the Salient Features of an Import Licence
October 3, 2018
What are the Salient Features of an Import Licence
The statutory basis for control of imports into India is found in the Foreign Trade (Development and Regulation) Act, 1992…
Are the following statements true or false about bill of lading and letter of credit
October 2, 2018
Are the following statements true or false about bill of lading and letter of credit
A. (i) Received for shipment bill of lading is equivalent to on board bill of lading. (ii) An advising bank…
Will you accept the following Bills of Lading under Irrevocable Letter Of Credit
October 1, 2018
Will you accept the following Bills of Lading under Irrevocable Letter Of Credit
Case 2: As a negotiating banker will you accept the following bills of lading submitted by your customer under an…
What are Combined Transport Documents
September 28, 2018
What are Combined Transport Documents
Combined transport Documents:Â A combined transport document or multi-modal transport document is the outcome of the development in transport technology…
What are the various Types of the Bill of Lading
September 28, 2018
What are the various Types of the Bill of Lading
A bill of lading is a document issued by the shipping company or its agent acknowledging receipt of goods for…
The Important Documents for an Irrevocable Letter of Credit under UCPDC
September 12, 2018
The Important Documents for an Irrevocable Letter of Credit under UCPDC
The following are the important documents that may he required under a letter of credit: 1. Bill of Exchange: A…
What is Operative Letter of Credit in Foreign Trade
September 7, 2018
What is Operative Letter of Credit in Foreign Trade
The rules/procedures under UCP 500 regarding tele-transmission to advise a letter of credit, amendments and preliminary advises. Operative Letter of…
The Liability of the issuing bank and negotiating bank with reference to UCPDC
September 7, 2018
The Liability of the issuing bank and negotiating bank with reference to UCPDC
For an example, your correspondent bank opened an “operative letter of credit” through your bank by telex, which was duly…
The circumstances under which the banks can disclaim responsibility and repudiate liability under the provision of UCPDC
September 7, 2018
The circumstances under which the banks can disclaim responsibility and repudiate liability under the provision of UCPDC
Disclaim of Responsibility of Banks. There are certain provisions in the UCP absolving the bank involved in the transactions from…