23/02/2022
A collection can be defined as - "The delivery of a draft, promissory note or cheque and/or documents by a bank to a third party (i...
16/02/2022
A beneficiary may issue any document except where: (a) the rules state otherwise; (b) the documentary credit specifies the name of another issuer; or (c) the documentary credit refers to the type of issuer as an independent, competent, qualified or local company, etc...
09/02/2022
Green Clause A green clause credit is so named because the condition relating to this form of advance was historically typed on a documentary credit, when issued in paper form, in green ink...
02/02/2022
Depending upon which international trade magazine or article you may read, the worldwide rejection rate for documents (on first presentation) is in the region of 65-80%...