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Keys to Understanding Documentary Letters of Credit
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Keys to Understanding Documentary Letters of Credit
Unavailable
Keys to Understanding Documentary Letters of Credit
Ebook124 pages1 hour

Keys to Understanding Documentary Letters of Credit

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About this ebook

Successful overseas sales can open windows of opportunities for international business, allowing companies to grow and substantially increase profits. Documentary letters of credit is one of the most secure payment instruments available to ensure each transaction goes smoothly. Unfortunately, it can also be one of the most complex and technical processes related to cross-border transactions.

Cornelio (Onnie) Sumangil relies on more than forty years of experience in international trade banking to help others better understand a documentary letter of credit, how it works, and its purposes. Sumangil provides a roadmap that leads both novice and seasoned cross-border traders through a step-by-step process from analyzing and negotiating the terms and conditions of a transaction to securing a payment at the end of the process. Included is relevant information on negotiation credits, types of time payments, ways to resolve discrepancies, and how to select a high-quality international bank.
LanguageEnglish
Release dateOct 13, 2014
ISBN9781483417578
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Keys to Understanding Documentary Letters of Credit

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  • Rating: 5 out of 5 stars
    5/5
    A good book because it gives a detail situation about documentary credit