Letter of Credit
- International Business
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 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 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,…
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The precautions to be taken by an authorised dealer while opening a confirmed irrevocable letter of credit
The following procedures and precautions are suggested while opening a confirmed irrevocable letter of credit: 1. The applicant should be…
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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…
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8 Points to be scrutinized in a Marine Insurance Policy tendered under a Letter of Credit
Marine Policy under Letter of Credit 1. The Document. Insurance documents must appear on their face to be is-sued and…
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Marine Insurance Policy : The Risks Covered and Not Covered under it
A marine insurance contract is a contract whereby the insurer undertakes to compensate the insured against loss arising out of…
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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…
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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…
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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…
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