bank guaranty

Letter of Credit Fraud

Letters of credit provide great capacity for fraud because they are used in transactions where goods are not sighted directly by the buyer, and are often paid for after shipment, not upon receipt, thus trading...
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trade with the SWIFT MT-760

SWIFT MT760 The MT-760 is a type of SWIFT message that is sometimes requested in trading because it functions much like a Bank Guarantee, although it carries with it a much higher level of risk for the issuer...
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CAN THE SWIFT MT-103 BE USED IN TRADE

SWIFT MT-103’s are the most commonly used form of SWIFT communication, and one which many people will have utilized without even knowing it. For most bank customers, they are known not as MT-103’s at all,...

Bank Capability Letter (BLC) Sample

Our reference: (enter title, order numbers or other references) Date: (enter date) To: End supplier company, Via International Group for Advanced Solurions Name of the Bank: (replace with bank...
products export by credit letter

credit letter and sellers doubts

Replaying to the demand of our reader today we will guide new exporter how to work with LC in export. Our reader asked for our support as he is exporting for the first time his products by the use of credit...

Container Types

Container Types 10' x 8'6" Dry Cargo ISO Containers 10' x 8'6" Steel Dry Freight Refurbished New, Refurbished and Used Containers available. "Tunnels (doors at both ends)...
how does letter of credit work

Transferable Credits Rules

article 38 1. A bank is under no obligation to transfer a credit except to the extent and in the manner expressly consented to by that bank. 2. For the purpose of this article: Transferable credit means a...