Assignable and Non Assignable Letter of Credit
An assignable letter of credit can be assigned to a third party by the beneficiary of the credit. When the buyer is not able to find the real exporter, in the meantime, he opens the credit in favor of his agent or representative. When the agent is able to find an exporter who is willing to supply the goods on the terms of the buyer, he assigns the letter of credit to the supplier of goods. A non-assignable letter of credit is one that cannot be further assigned and so opened only in favour of the real exporter of goods after the exporter confirms the order.
What is the earliest date can be mentioned on Bill of Lading. Can BL date and let export date be same day?
What is the Procedure for importing goods through Post offices in India
What is Third Party Exports? Difference between manufacturer exporter and third party exporter.
What is VACIS exam in US import customs clearance
When can an exporter release bill of lading from shipping company?
When does exporter get EP copy of shipping bill after customs clearance
Which category of exporter are you? Merchant Exporter,Manufacturer exporter,Service exporter Project Exporter or Deemed Exporter
How to make DA mode of payment safe
How to make delay in delivery of Shipment?
How to minimize import cargo clearance time? An open logic proposal to WTO
How to obtain a duplicate BL, if original bill of lading lost.
How to obtain GSP - Certificate of Origin?
How to obtain Phyto sanitary certificate. What is phytosanitary certification
How to obtain waiver on detention/ demurrage on imported goods/container from Shipping company/CFS
GST on short supplied goods and services by nature
Goods and services exempted to pay GST
Who has to pay GST?