The basis of international trade by means of which payment is made against surrender of specified documents. A letter addressed by a banker to an exporter (usually but not always) undertaking to make payment to him against documents relating to the dispatch of goods. The documents usually required are bill of lading or airwaybill, invoice [...]
Archives for International Trade
Documentary Credit
By admin on October 15th 2010 - No Comment
Filed Under: General Tags: International Trade
UCP 500
By admin on October 15th 2010 - No Comment
Uniform Customs and Practice for Documentary Credits is a code of practice issued by the International Chamber of Commerce. UCP 500 came into effect on January 1st ‘94. However, the latest revision was approved by the Banking Commission of the ICC at its meeting in Paris on 25 October 2006. This latest version, called the [...]
Filed Under: Customs Tags: International Trade
Provided by WPMU DEV - The WordPress Experts | Go back to top ↑
