Blog Posts - Letter Of Credit



Shipped on Board Date stamp – should it be signed..??

A shipped on board date is an important date on a bill of lading, especially where a Letter of Credit is involved.. Should the Shipped on Board stamp be signed and the implications whether it is signed or not..
by Shipping in South Africa on Dec 15, 2015

Letter of Credit and Trade Finance timelines

A reader asked me a question about letter of credit and trade finance timelines.. With a letter of credit. What sort of timings are usually connected to when the payment between banks occurs? Does the shipment sail prior to the LC being satisf...
by Shipping in South Africa on Nov 10, 2015

Do banks verify if cargo is actually loaded on a ship..??

Do banks verify if cargo is actually loaded on a ship..?? Shippers who deal with documentary credit know that the term Shipped on Board carries quite a bit of weight and there is often a lot of discussions, disputes, rejections etc from the side of t...
by Shipping in South Africa on Mar 24, 2015

Requirement of IMO Number in Bill of Lading

A case study on the obligations of a shipping line in terms of clauses/notations to be mentioned in a bill of lading.. Based on a real life question from a reader.. The post Requirement of IMO Number in Bill of Lading appeared first on Shipping and...
by Shipping in South Africa on Feb 17, 2015

Part Bill of Lading to the rescue..

When answering my last post Question regarding cargo under Letter of Credit, I mentioned that part bills could be a solution for two shipments in a same container where part of the cargo is covered by L/C and the other part is not.. However, there ar...
by Shipping in South Africa on Feb 8, 2015

UPDATE to – Question regarding cargo under Letter of Credit

In my last post, I posed a question on behalf of a reader about the possibility of two cargoes being shipped under one bill of lading where one cargo is covered under Letter of Credit and other cargo is not.. Should the carrier issue two bills of la...
by Shipping in South Africa on Feb 5, 2015

Question regarding cargo under Letter of Credit

What happens if the exporter would like to send in the same container goods covered by L/C in addition to some other goods. Should the carrier issue two bills of lading..?? Or is mentioning in the same B/L the goods under L/C and goods that aren't is...
by Shipping in South Africa on Feb 3, 2015

What is a short form/blank back bill of lading..??

True to the nature of its business, the business of shipping and freight is a vast ocean covering many issues and areas which sometimes seems unfathomable.. A Bill of Lading is the most important document in this business and there are always severa...
by Shipping in South Africa on Jun 17, 2014

Shipping cargo without insurance – reader question

Shipping your cargo without insurance.. Hmmmmm, not a very smart idea.. Several pitfalls await those who attempt this.. Here's a question from a reader based on their historical experience.. All comments welcome on this situation.. The post Shipping...
by Shipping in South Africa on Apr 7, 2014

International Trade – Effective Handling & Processing of Letter of Credit Date

RUNNING One Day Workshop International Trade – Effective Handling & Processing of Letter of Credit Date Undang Rekan Anda dengan Klik tombol di Bawah ini   MOHON DI PERHATIKAN!…Untuk Mempermudah dan Mempercepat Follow UP, Jika Be...

HOW TO WRITE A LETTER TO CANCEL A LETTER OF CREDIT

29th January, 2013 Manager Peoples Bank Liberty Plaza Branch Colombo -03 Dear Sir SUBJECT: CANCELLATION OF LETTER OF CREDIT This has further to the letter of credit No LC/04/2010 and LC/03/2010 dated 25th October 2012. We shall appr...
by Faceact on Jan 30, 2013

Letter of Credit aka Documentary Credit Explained

Introduction to Letter of Credit Letter of Credit  L/c also known as Documentary Credit is a widely used term to make payment secure in domestic and international trade. The document is issued by a... [[ This is a content summary only. Visit www.in...
by Indian Tax Updates on Jan 25, 2013

Anil Ambani On The Early Years

“Do you know where Kabutarkhana is? Do you know where Bhuleshwar is?”That’s where Maganlal Dresswalla is. That’s where the doodhwallas are. We used to stay in a place called Jai Hind Estate on the fifth floor. It’s a...
by Wealthymatters on Dec 31, 2012

Trade Credits for Import into India

Reserve bank of India has issued a circular about trade credits for import in India. RBI has issued a circular no. 49 dated 14 December 2012 about LC in India. Full circular is as under. Trade Credits for Import into India Attention of Authorized...
by Indian Tax Updates on Dec 16, 2012

The Importance Of Doing Sales

‘Vyaapari woh, Jo Bechta bhala’ = A businessperson is one who sells well. Selling is something a lot of people fear.There is fear of failure,fear of rejection,fear of not having an answer,fear of meeting new people,fear of being judged,fear of o...
by Wealthymatters on Aug 4, 2012

S1-Akuntansi

DAFTAR RIWAYAT HIDUP Saya yang bertanda tangan di bawah ini, Nama Lengkap : Winda Puspita Lim Setyawati Tempat, Tanggal Lahir : Bekasi, 21 September 1989 Umur : 22 Tahun Alamat...
by Lowongan Kerja 2011 on May 2, 2012

S1-Akuntansi

DAFTAR RIWAYAT HIDUP Saya yang bertanda tangan di bawah ini, Nama Lengkap : Winda Puspita Lim Setyawati Tempat, Tanggal Lahir : Bekasi, 21 September 1989 Umur : 22 Tahun Alamat : Jl. Narogong Indah Permai VIII Blok F 15 No 9 Bekasi Timur 17115 Tinggi...
by Lowongan Kerja 2011 on May 2, 2012

S1-Akuntansi

DAFTAR RIWAYAT HIDUP Saya yang bertanda tangan di bawah ini, Nama Lengkap : Winda Puspita Lim Setyawati Tempat, Tanggal Lahir : Bekasi, 21 September 1989 Umur : 22 Tahun Alamat : Jl. Narogong Indah Permai VIII Blok F 15 No 9 Bekasi Timur 17115 Tinggi...
by Lowongan Kerja 2011 on May 2, 2012

The documents required on a letter of credit

Most documents used in foreign trade has no importance to the letter of credit. They are used because it seems that the borrower feels more protected if he has it so he requires those documents. This behavior can be the result of an erroneous view of...
by Colin in Japan on Mar 17, 2012


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