On: April 2, 2018 By: Roy Becker
If a bank finds a discrepancy in a letter of credit, they will typically contact the importer to see if they want to waive them. Here's when and why an importer may do so.
On: August 7, 2017 By: Roy Becker
Letters of credit often call for export documents with interesting conditions, such as the presentation of a full set of ocean bills of lading. In order to present a full set of documents, you must first know what comprises a full set.
On: May 8, 2017 By: Roy Becker
A Standby Letter of Credit helps a Colorado football team ensure they'll get paid for a game down under.
On: April 3, 2017 By: Roy Becker
Export trading and management companies often serve as the International Department for other companies. Here's what it takes to succeed.
On: March 6, 2017 By: Roy Becker
Many international transactions require a bank draft to get paid. We explain what that is and explore the difference between a Sight Draft and a Time Draft.
On: January 9, 2017 By: Roy Becker
A documentary collection is one of the four methods of payment you can use for your imports and exports. We explain its advantages and disadvantages.
On: December 5, 2016 By: Roy Becker
If you're an exporter, under what circumstances should you be using the Incoterm Delivered Duty Paid? Roy Becker shares when DDP is the best option.
On: October 3, 2016 By: Roy Becker
Greed can cloud common sense in international trade and exporting. Charlatans are willing to do anything to make fast money.
On: August 1, 2016 By: Roy Becker
A Banker's Acceptance (BA) is one of several instruments used to finance international trade.
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