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Insights on finance, working capital, and the realities of international trade: exports, imports, shipping, logistics, and customs clearance.
Resource Library
What is MEIS? Everything about Merchandise Export Incentive Scheme in India
MEIS stands for Merchandise Exports from India Scheme. It was designed to encourage exporters by providing them with rewards to compensate for infrastructural inefficiencies and other associated costs.
What is A Switch Bill of Lading? Meaning, Procedure & More
In international shipping, a Bill of Lading (B/L) acts as a receipt and contract between the shipper and the carrier. It contains all the details needed to process the shipment and create accurate invoices. This document is crucial for maintaining transparency and complying with laws of two or more jurisdictions, especially during cross-border trading.
Line of Credit (LOC) - Meaning, Types & How It Works
A line of credit is a loan account that allows businesses or other entities to draw funds as and when they need them on an ongoing basis. It acts as an open-ended loan in which the lender decides the maximum credit amount that a business can access, giving the borrower the flexibility to draw funds whenever they need them.
Know the Difference Between FOB and CIF Incoterms
International trade processes can be complex, especially for first-time traders to understand. Even seemingly simple concepts with their abbreviations and variations can baffle novice traders. One such set of abbreviations are the incoterms set by the ICC that clearly define the roles, responsibilities, duties & accountability of the exporter and importer in any given international trade transaction
Green Clause Letter of Credit - Definition, Example & Features
A green clause Letter of Credit (LC) is an LC that includes a specific clause, which primarily lets buyers provide advance payments to sellers as a part of an international trade agreement.
Red Clause Letter of Credit - Meaning of Red Clause LC, Example & Types
A standard letter of credit (LC) is a documented promise from the buyer to the seller regarding future payments on the purchased goods. Adding a red clause into an LC enables sellers to receive advance payments from buyers to cover manufacturing, packaging, dispatching, and shipment expenses.
Trade Credit Insurance (TCI) - Meaning, Coverage, Policy & Types
Trade credit insurance is an exclusive insurance policy designed to protect businesses from non-payment of commercial debt. It is a reimbursement guarantee provided for firms if the buyer fails to pay within the agreed credit period.
What is LMPC Certificate? Meaning, Definition & Application Process
The Legal Metrology Act 2009 regulates the import, sale, and distribution of pre-packaged commodities in India. Any product of a predetermined quantity, when packed in the absence of a purchaser, is a pre-packaged product.