How safe is Red Clause Letter of Credit
What is a red clause letter of credit, and do some suppliers demand if for order fulfilment? The best way […]
Import and Export
Types of Marine Tankers: Similarities and Differences
Imagine if you have to load your crude oil into drums or barrels before you ship them to a foreign
Bank Instruments, Import and Export, Knowledge Base, Letter of Credit, Oil & Gas Basics
Commonly Used Letters of Credit
Letter of credit is a letter assuring a seller of issuing bank’s readiness to make payment to the seller in
Understanding Letter of Credit
What are the advantages of Letter of Credit? Why do exporters prefer it to other payment instruments? In this article,
Cost, Insurance and Freight (CIF) Trade Agreement
What is Cost, Insurance, and Freight (CIF), and what are its benefits in foreign trade? Also, why do some businessmen
EX Works Trade Agreement (exw) Vs FOB
One of the international commercial terms we would be looking at today is Ex Works or EXW. What is Ex