Hi


let me know what does it take to get your LC hand book.


Regards

Neeru



Quoting from [zealotwan]:


t is interesting to find there is an increasing trend in global trade activity. Traders around the world are in communication every minutes buying, selling, inquiring, seeking helps, getting informations and so on.


It is also interesting to find there are a lot of new traders indulge themselves in export and import for the first time. The world now has no barriers, all of us are buying and selling something.


But one thing for sure, which I feel is the utmost important regardless if you are a buyer or a seller, knowledge and information because we need to make a fast decision, either 'yes' or 'no'.


Taking cue from here, I have written a book, LC: Issuing Guidelines and Checklist for the benefit of all traders and layman engaged in trade. This handbook is written in a jargon-free language and easy to understand. It provides a quick reference to traders on matters related to LC, documents and Incoterms. It encapsulates my past experience of 20 years in handling LC and in accordance with the rules and guidelines by ICC and SWIFT.


Content:


1. LC: AN OVERVIEW

-Definition

-Instrument of payment

-Buyer's request & instruction

-Guaranteed disbursement of payment by banks

-Conditional payment

-Contract of payment

-Advantages & disadvantages to buyer and seller


2. ISSUING GUIDELINES

-Method of issuance

-Brief teletransmission

-Airmail

-Full teletransmission

-SWIFT

+SWIFT Format (MT 700/701)

+Detailed explanation of every LC SWIFT format fields

-Sight payment LC

-Deferred payment LC

-Acceptance LC

-Negotiation LC


3. DOCUMENTS USED IN INTERNATIONAL TRADE

-Commercial documents

-Official documents

-Transport documents

-Insurance documents

-Functions & Features of documents

-Bills of Exchange

-Commercial invoice

-Certificate of Origin

-Air Waybill

-Marine/Ocean Bill of Lading

-Insurance Certificate/Policy

-Multimodal Transport documents


4. INCOTERMS 2000

-Point of delivery

-Contracting for carriage

-Import/Export clearance

-Marine insurance

-Choosing mode of transport


5. LETTER OF CREDIT CHECKLIST

-How to check an LC

-How to check documents

+Draft

+Invoice

+Certificate of Origin

+Packing List

+Inspection Certificate

+Insurance document

+Transport document

+Misc documents


This 46 pages of handbook provides a safe trading tips for both buyers and sellers. Contact me and get a copy for your own reference.