The aim of this book is to provide a practical guide for businessmen, students of banking and those concerned with letters of credit transactions and financing in international trade. Presented in a concise and easy-to-read manner, this book will teach you how to comply with the complex rules and requirements of letters of credit under The Uniform Customs and Practice for Documentary Credits (UCP 600). It explains and highlights the rules that importers and exporters need to know to avoid unnecessary delays and risks in letters of credit operations.
The main contents of the book are:
- Understanding The Essentials Of Letters Of Credit— This covers the nature of documentary credits, it uses and banking procedures in documentary credit.
- How To Comply With The Terms Of A Letter of Credit —This section teaches you how to prepare correct documentation in compliance with the rules and terms of a letter of credit.
- The Different Types Of Financing In Letters Of Credit —This section covers various methods of financing available to exporters and importers in financing overseas trade.
- Maritime Fraud And Measures — This provides an overview of maritime fraud and the measures in preventing fraud. The chapter on case study contains true cases relating to fraud and disputes in documentary credit.
Who Must Read This Book?
Business Owners, Exporters, Importers
Bankers, Sales Executives, Shipping Executives
Export-Import Managers and Freight Forwarders
Students of International Trade and Finance