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A Letter of Credit (LC) is a document issued by a bank on the instructions of a buyer of goods, giving the seller of the goods the right to receive payment under specified terms, when the bank receives the relevant documents (usually including an original bill of lading) within a given time period.
See also Bill of Lading
Australian sheep industry projections 2018 report showed that international demand for live and boxed sheep imports continues to grow, with the Australian sheep industry described as set to enjoy a robust future. In 2017, Australian sheep meat exports had their ...Read More
A major freight carrier has launched a weekly less-than-container-load service from Duisburg to Wuhan. The first door-to-door LCL consolidation container shipment from Duisburg took 26 days to cover the 10 550 km, which included 18 days by rail. ‘The consolidation ...Read More
Tags: China, freight, rail freight
The Indian Prime Minister Narendra Modi visited Sweden last week for trade talks. A Nordic-Indian summit took place with the leaders of Denmark, Finland, Iceland, Norway, Modi and Löfven, the Prime Minister of Sweden. Sweden has been courting India recently, ...Read More
Following last year’s trial services (China to London and London to China), on April 10 the first scheduled freight service from DP World’s London Gateway terminal to the Duisburg freight hub in Germany departed. The load included containers destined for ...Read More
Tags: China, containers, freight, Germany, rail freight
