On: April 4, 2016 By: Roy Becker
Soybeans Sold on Letter of Credit Go Bad: Who's at Fault?
An exporter shipped $6.8 million in soybeans to a buyer in the Middle East using a standby letter of credit, but the load turned bad. Who's at fault?
On: April 4, 2016 By: Roy Becker
An exporter shipped $6.8 million in soybeans to a buyer in the Middle East using a standby letter of credit, but the load turned bad. Who's at fault?
On: February 29, 2016 By: Roy Becker
For many exporters, freight forwarders can be invaluable partners to move goods around the world. But always vet your forwarder first for trustworthiness.
On: November 30, 2015 By: Roy Becker
Here's how a U.S. oil company used a letter of credit to recover millions in losses when an oil processing plant was nationalized in Venezuela.
On: October 5, 2015 By: Roy Becker
When there's a pricing mistake in a transaction, a letter of credit is not a sales contract. Read a true story on what can go wrong.
On: March 9, 2015 By: Roy Becker
Banks deal in documents, not in goods. This article explains the importance of handling discrepancies in letters of credit.
On: January 19, 2015 By: Roy Becker
In the U.S., banks rarely issue back-to-back letters of credit. Here are several reasons bankers often refuse to assist.
On: December 22, 2013 By: Roy Becker
Having the letter of credit confirmed by the bank is insurance that an exporter wants and the risk a bank willingly takes.
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