Nov 1, 20212 minLOCLetters of Credit, Bank's duties & UCP 500In international trade, a Letter of Credit (LOC) is used to negate the risk of non-payment for goods by the buyer to the seller. Release...
Aug 31, 20191 minBill of ladingB/L spent if bank acquires them after discharge is over?Banks when playing their part in financing international trade do also become holders of B/Ls at some stage which gives them rights of...