CHAPTER 41 - CYCLES OF DOCUMENTARY
CREDIT, DOCUMENTARY COLLECTION AND GUARANTEES ( Important )
Letter of Credit or Documentary Credit
Here Left Hand
side is Export and Right Hand side is Import
In
Step 6 the Advising bank will become Negotiating/Nominated Bank or (Confirming
Bank if Applicable)
Documentary Collection
Here Left Hand
side is Export and Right Hand side is Import
Here Seller is
the Drawee or Exporter and Buyer is the Drawer or Importer
Bank Guarantees
Here the
Principal is also known as Applicant
The above is my Last Chapter in this Blog
All my Chapters in this Basics of Trade Finance is Completed,
Note: All the Chapters which I post here are taken from many books, Internet sites and rephrased and edited by me
This blog is truly useful to convey overhauled instructive undertakings over web which is truly examination. I discovered one fruitful case of this truth through this blog. I will utilize such data now. Trade finance in Dubai
ReplyDeleteYou may have tried to explain different different trade finance services used in International trade business.
ReplyDeleteWe have also posted several guides to understand all of the trade finance instruments easily.
Here you can checkout the blogs on:
Trade finance: https://www.emeriobanque.com/blogs/what-is-international-trade-finance-how-does-it-work-and-types
Letter of credit: https://www.emeriobanque.com/blogs/letter-of-credit-guide-features-importance-when-to-use-it
and
Bank Guarantee: https://www.emeriobanque.com/blogs/bank-guarantee-faqs