Today we get FCO (full corporate offer) from trading company offering Brazilian sugar Icumsa45.after running over this offer we realized that many seller and buyer(new gamer in this type of deal)...
Bank Guarantees in the sugar industry
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...
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...
incoterms
EXW FCA FAS FOB CFR CIF CPT CIP DAF DES DEQ DDU DDP SERVICES Ex Works Free Carrier Free Alongside Ship Free Onboard Vessel Cost & Freight Cost Insurance & Freight Carriage Paid To Carriage...
What Is SWIFT Message in Trade and Banking System?
SWIFT is the Society for Worldwide Inter-bank Financial Telecommunications. This organization operates a closed network which operates between banks and financial institutions for the purposes of...
THE SPECIMEN OF SLC ON PAYMENT FOR THE GOODS.
LocalSwiftAcks- ________________________________________________________________________________ ——————— Instance Type and Transmission...
THE SPECIMEN OF SWIFT INFORMATIONAL LETTER ABOUT READINESS TO OPEN SLC.
——————————————————- MESSAGE HEADER...
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 name)...
Stand-By Letter of Credits (SBLC) in oil trade
Stand-by letter of credit (or SBLC (MT-760)) in trade is commonly used and especially in oil trade. Stand-by letter of credit is document issued by bank and is based on Uniform Customs and Practice...
banking procedure in oil trade
Oil trade is the loved sector for trader and middleman. I remember myself when I started my first trade, I was driven in this sector accidentally .this happened by the meeting of my first partner in...
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...
How to open an LC and what would be the margin needed ?
Letter of Credit – A common term known to almost all business world. What is Letter of Credit? How does LC work? How to open a Letter of Credit? What are the advantages of Letter of Credit to...
Letter of Credit Text (MT 700)
Swift MT 700 is used when certain Bank institutions around the world are unable or unwilling to verify account holders funds using the Swift MT 760. Such is the case at the present time with the Bank...
Stowage Supervision Certificate
A loading /stowage supervision certificate is offered by SGS, and covers the following elements of loading: • A thorough check of the overall appearance of the cargo and any packaging. • Verification...
PROOF OF PRODUCT DOCUMENTATION
Today we will try to focus on petroleum deal and the PROOF OF PRODUCT DOCUMENTATION. In the internet we can found a lots of oil contract type with different payment method and terms. As we know a...
Shipping Company Statement
A shipping company statement relates to the ship aboard which the products will travel. It normally states that the ship is of a certain age, and that it is well maintained. This document is designed...
Crop Certificate
A crop certificate states the crop from which the products were manufactured. This allows being trace right back to the exact point of its origin where it was grown.
Certificate of Radiation
As result of the world situation that we have in our days regarding radiation catastrophe in Ukraine (Chernobyl disaster in 1986) and last one in Japan (Fukushima Daiichi nuclear disaster in 2011)...
Phytosanitary Certificate
A phytosanitary certificate states that the shipment meets the phytosanitary requirements which are in place in the country it is being exported to. Phytosanitary certificates are always required for...
Certificate of Origin
A certificate of origin states where the products are from. This is essential when importing goods from one country to another. The certificate of origin is often issued by the exporter, although it...