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Why Documentary Letter of Credits? - Trade finance India

  • Exchange of goods and services across national boundaries brings greater problems to both buyer and seller than does domestic
  • Diversity of customs, standards, currencies, local regulations, languages and legal systems
  • The Documentary Letter of Credit is widely used to reduce the financial risks of trade.
  • Importer wants to ensure performance while exporter wants to secure
  • Few of the rules are subject to any national or international law. Provisions of International Chamber of Commerce & Industry (ICC) important, but not
  • Generally adopted set of rules for credits known as the Uniform Customs and Practice for Letters of Credit (UCP) issued by ICC, publication no.600, 2007 (earlier version no. 500, 1993).

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“When it comes to money, ignorance is NOT bliss. What you don't know CAN hurt you.”
OUR LOCATIONSWhere to find us?
https://tradefinanceindia.com/wp-content/uploads/2019/04/img-footer-map.png
Singapore
London
Dubai
GET IN TOUCHTFI Social links

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