In CPT/CIP, the seller’s obligation is to deliver the goods to its own carrier on the agreed date or within the agreed period. See my earlier post on delivery for CPT/CIP.
This article looks at the Central Bank of Egypt’s decision to stop accepting documentary collections for imported goods, and substitute them with letters of credit. The decision is expected to have wide-reaching implications for Egypt’s business community and banking sector, writes Haitham Elsaid.
Assuming we are looking at the normal type of Letters of Credit with the latest shipment date, port/airport of loading, port or airport of destination and requirement to present an onboard B/L or an AWB, then the answer is “NO”.
Letters of credit are one of the most commonly used trade finance instruments, and they are a great way to increase security and mitigate risk during a trade transaction
Several public and private banks and financial institutions have imposed trade and commodity finance restrictions on Russia amid the escalating conflict in Ukraine
The US and its Western allies have ramped up harsh economic sanctions against Russia, as it continues to attack Ukraine
Delivery of the goods is “not unloaded” by the seller at the destination place, typically at either the CY (container yard) or the buyer’s premises.
In this article, SACE’s Irene Gambelli discusses the support provided by Italy’s export credit agency to SMEs during and after the pandemic, with an increasing focus on green finance
Letters of credit, forfaiting, factoring, export finance, and trade credit insurance: the most popular trade finance techniques companies are using in international trade
Each day, mountains of trade finance data are delivered to banks, requiring urgent processing to support the flow of goods around the world.