Foreign Trade
The Various Methods Needed To Correct An Adverse Balance Of Payments Position
During short periods the balance of payments may fluctuate between favorable and adverse balance. But a persistent disequilibrium in the…
Read More »Balance Of Trade And Balance Of Payments: An Ugly Difference
Trade surplus does not necessarily mean balance of pays surplus. There are some difference between Balance Of Trade And balance of…
Read More »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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What if L/C has been Issued by Importer Himself
Your bank issued an irrevocable LC favoring a Australian Exporter through your Brisbane Branch which confirmed it for one Million…
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Difference Between Revocable and Irrevocable Letter of Credit
The most acceptable method of financing trade is by confirmed irrevocable letter of credit from the viewpoint of both the…
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What is Acceptance Credit in Letter of Credit
Acceptance Credit. An acceptance credit calls for a usance bill of ex-change of a specified period to be drawn under…
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What is the Basic Difference Between Payment Credit and Negotiation Credit
Negotiation Credit. A negotiation credit is one which contains an open invitation to banks to negotiate documents under the credit.…
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The Various Types of Documentary Letters of Credit
A letter of credit may be a clean credit or a documentary credit. A documentary credit requires the documents of…
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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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