In the earlier articles we have discussed about documents required under letter of credit (LC) and how to prepare and submit compliant document.
In this article we will discuss about, what is Negotiable Bill of Lading, Why endorsement is required, who should endorse and what are the endorsements required.
Continue reading How to Endorse a Negotiable Bill of Lading ?
Purpose of Letter of credit (“LC”) is to give payment security to the beneficiary subject to documents presented under the LC complying with the requirements of the LC.
To check if documents are compliant, banks examine the required documents based on:
Continue reading How to Prepare and Check Letter of Credit Documents
Directorate General of Foreign Trade (DGFT) on March 12, 2015 reduced mandatory documents for Import and Export of goods to below 3 documents:
Continue reading Revised Mandatory Documents for Import & Export
Trigger for this topic is a question that a reader asked:
“Can Exporter retain dollar in EEFC A/c for buyers credit repayment ?”
Below article gives basic details about EEFC account and revert to above query.
Continue reading Can Exporter Retain EEFC A/c Balance for Buyers Credit Repayment
Importer has to submit a list of documents for making import payments. One such documents was A1 Form except for import payment less than $ 5000. RBI with its circular dated 12 February 2015, has removed this requirement.
Buyer's Credit & Supplier's Credit 