In all things, knowledge is power. This is especially true when it comes to commodity trading. A successful trader needs to know much more than how to obtain a letter of credit and contact sellers...
way successful trader needs to know much more
The Fraud Form Number One
The major form of fraud taking place in international trading today is documentation fraud. It is quite common in many industries that the goods are never sighted by trader or buyer until after the...
must i trust trading company and traders
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...
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...
scammer’s arsenal is the victim’s own sense of greed
Our skill, experience and knowledge are the main scammer’s arsenal. We are responsible for any loss of our money .most of you will blame me operating on the honest game that must be in businesses. I...
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...
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 SLC ON PAYMENT FOR THE GOODS.
LocalSwiftAcks- ________________________________________________________________________________ ——————— Instance Type and Transmission...
THE SPECIMEN OF SWIFT INFORMATIONAL LETTER ABOUT READINESS TO OPEN SLC.
——————————————————- MESSAGE HEADER...
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...