In international trade, Payment method is the way that a buyer chooses to pay the seller for goods or services. There are actually a number of option to choose from which a buyer and a seller mutually agreed upon. These options also offer various payment risk concerns to both buyer and seller. Since one is less secure than other and vice versa. For the exporters, to succeed in today’s
So this is about amending the letter of credit or LC which exporters receive from applicants (buyers). Now what it is to be amended in LC, there must be something. As it is about, LC consists of fields describing the conditions what exporters must meet to claim proceed (money) from bank. And if an exporter does meet all the conditions mentioned in LC, the LC issuing bank must pay the LC amount following
ACADEMY teamLetter of Credit amendment: What’s this about?
Export documentation is a key part of export trade as these documents are the proof of the ownership of the goods and other sales conditions. Most importantly, when the goods fly or sails cross border these documents are the instruments to carried out the process in both exporting customs and importing customs. Generally, there are two kind of documentation in export business. Export sales documents and export shipment documents. Former describes who is buyer -who is seller and other