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http://www.eximguru.com/exim/guides/how-to-import/ch_13_methods_of...
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http://www.eximguru.com/exim/guides/how-to-import/ch_13_methods_of...
protection as the letter of credit as it does not involve any kind of bank guarantee like letter of credit. Letter of Credit A letter of credit is the most well known method of payment in international trade. Under an import letter of credit, importers bank guarantees to the supplier that the bank will pay mentioned amount in the agreement, once supplier or exporter meet the terms and conditions of the letter of credit. In this method of payment, plays an intermediary role to help complete the trade transaction. The bank deals only in documents and does not inspect the goods themselves. Letters of Credit are issued subject to the Uniforms Customs & Practice for Documentary Credits (UCPDC)(UCP). This set of rules is produced by the International Chamber of Commerce and Industries (CII). Documents Against Acceptance: Instructions given by an exporter to a bank that the documents attached to the draft for collection are deliverable to the drawee only against his or her acceptance of the draft.
Table of Contents
Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter Chapter 1 Starting Import Introduction 2 Preliminaries for Starting Import Business 3 Registration of Importers 4 Guidelines And Rules for Import 5 Selecting The Overseas Exporter 6 Import License 7 Import Trade Governing Bodies 8 Import of Samples 9 Finalizing The Terms of Import 10 Import Duties 11 Import Risks 12 Import Incentives under Special Schemes 13 Methods of Payment in Import Trade 14 Import of Personal Baggage 15 Import of Gifts 16 Impor of Cars Vehicle Commerical and Non Commercial 17 Import of Gold And Silver by NRI 19 Custom Clearance of Imported Goods 18 Import of Drugs And Medicine 20 Import of Scrap And Waste Products 21 Import Laptops And Computers 22 Import Dos And Donts
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