Anyone considering a real career in international trade should learn how to recognize and weed out the joker brokers; otherwise they will literally eat all your time and energy. It is surprising how...
must i trust trading company and traders
Investment Fraud and signs
To get a Successful investing it requires a shrewd understanding of markets, a knowledge and understanding of the field in which you are investing, the financial climate surrounding the industry, and...
working procedure ROTTERDAM/HOUSTON
oil trade is one of most appreciated business after Cryptocurrency( bitcoin trade). lots of traders and specially newbie looks to enter this field regarding the income that can gain by closing any...
Must i use a Bank Guaranty or Credit Letter in my import Export Contract
The primary difference between a letter of credit and bank guarantee is the level of responsibility assumed by the bank. The two also differ in their purpose, the frequency of their use, and the...
Bank Guarantee definition in the Trade World
A bank guarantee is a pledge on the part of a bank to make someone’s debt good in the event that he or she cannot pay it. Bank guarantees are essentially like agreements to stand as a cosigner...
Credit Letters type and Their use in Trade
In this post we will list some major and most used credit letter type in the import export international trade(credit letter trade). Confirmed letter of credit In the event of a confirmed letter of...
Credit Letter Mechanism in The International Trade
Today we will try to focus on some useful info and clarify some point regarding the credit letter use and type. Maybe many of you are familiar to this terms and procedure. Our practices in trade show...
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 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)...
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...
TRANSFERABLE LETTERS OF CREDIT and TRICKS
Transferable letter of credit is one in wish fixed in the verbiage that can be transferred. This can be stated only by the authorization of the LC owner (end buyer). Right and obligation of the LC...