Tag Archives: International Chamber of Commerce (ICC)

Documentary Letter of Credit – Parties

Documentary Letter of credit (LC) is a financial contract between the issuing bank, applicant and the beneficiary. Let us understand the role of various parties involved in an LC transaction.

Incoterms 2010 – A Quick reference chart

The last rules, Incoterms 2010, were published on January 1, 2011. Our quick reference guide makes it easier for our readers to remember the characteristics of each incoterm.