Tag Archives | Documentary credit

Image of Documentary Credit Process with a Confirming Bank

Documentary credit process with a confirming bank

After the issue and the notification of a documentary credit, the next step is its actual processing. As we saw in a previous post – Documentary credit – Definition, main actors, how it works – the exporter’s bank can play two roles: 1) It may just notify the exporter that there is a documentary credit […]

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Documentary credit process with a notifying or advising Bank

Documentary credit process with a notifying bank

After the issue and notification of a documentary credit, the next step is its actual processing. As we saw in the previous post – Documentary credit – Definition, main actors, how it works – the exporter’s bank can play two roles: 1) It may just notify the exporter that there is a documentary credit in […]

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Documentary Credit also called Letter of Credit

Documentary credit – definition, main actors, how it works

Documentary credit, not to confuse with documentary collection, is the most used payment technique in international trade. It is therefore of particular interest for trade professionals. What is a documentary credit? How does it work? Who are the main actors involved in a documentary credit process? Read on to get the answers to these questions […]

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