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What MSMEs expect from Budget 2021 to put behind the COVID-19 affect

What MSMEs expect from Budget 2021 to put behind the COVID-19 affect

With fintech and digital payments becoming more accepted, the government could announce some support for creating a digital payments framework, which will offer MSMEs far easier access to credit and financial services. Read More

Trade Advice
SBLC Standby Letter of Credit Meaning & The complete guide to its process

SBLC | Standby Letter of Credit | Meaning & The complete guide to its process

‘Standby Letter of Credit (SBLC) is a type of letter of credit (LC) where the issuing bank commits to pay to the beneficiary if the applicant fails to make the payment. Read More

Trade Advice
Types of Letter of Credit

Types of Letter of Credit

There are several types of letter of credit which are used by businesses for International or Domestic trade transactions. It is important to understand these types and their purpose, to use the appropriate letter of credit for your trade transaction. Read More

Trade Advice
Container Yard (CY) A guide to International Shipping

Container Yard (CY) | A guide to International Shipping

Container yards are vast spaces, used to accommodate containers before they’re packed with consignments and shipped to the port. The purpose of having a container yard is not to take up too much of the valuable space at the port and create a separate space for their storage and maintenance. Read More

Trade Advice
Forward Contract Meaning, Types, Examples & more

Forward Contract | Meaning, Types, Examples & more

A forward contract is a financial derivative that is customized between two parties, wherein a commodity is bought or sold at a predetermined price but on a future date. These contracts are not standardized or regulated by any third-party authority and are considered a type of over the counter (OTC) deal between the two parties. Read More