Foreign Trade
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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…
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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…
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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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Business
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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Business
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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Business
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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Business
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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Business
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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Business
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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Business
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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