The Drip Capital Blog
Insights on finance, working capital, and the realities of international trade: exports, imports, shipping, logistics, and customs clearance.
Resource Library
US Trade Agreements - List of Trade Agreements in The US
The United States of America has Free Trade Agreements (FTAs) with 20 countries. These treaties have been signed to facilitate trade and strengthen commercial ties between the US and the other participating countries
UCP 600 for Documentary Credit - The Complete Guide
The Uniform Customs and Practice for Documentary Credits, also known as UCP 600, is a set of rules established by the International Chamber of Commerce (ICC) that governs how letters of credit (LCs) are issued and used worldwide.
Bank Guarantee Vs Letter of Credit - Examples and Differences
Letters of credit and (LCs) and bank guarantees, both these financial instruments offer guarantees in trade transactions. This makes it possible for someone to use the two interchangeably and get confused. It is hence crucial that traders thoroughly understand each mechanism, the key differences between the two, and their use cases to decide which one to opt for.
FOB VS CIF - Incoterms Comparison and When To Use Them
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
What is EORI Number? Complete Guide with EORI Meaning and Full Form
Earlier, businesses required a customs number to carry out customs activities related to importing and exporting of goods in the European Union (EU) the United Kingdom (UK). However, this was replaced by the Economic Operators Registration and Identification (EORI) number in 1 July 2009.
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.
What is Full Container Load (FCL) ? FCL Meaning And Process
Ocean freight can carry enormous loads of cargo over long distances and covers over 90% of all goods transport because it is more reliable.
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.