Insurance Document – Part II
There are many shipping horror stories, for instance consignment comprising of rare stones disappeared, shipment containing glass sheet found to be broken into a thousand pieces at destination or a dent on an imported car.
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.
Documentary Letter of Credit scrutiny – Common discrepancies
An understanding of the most common discrepancies that banks find in examining documentary credit (DC) presentations can instruct the exporters and help them avoid the common rejections.