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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
A new factory will open next month at the Kigali Special Economic Zone to improve Rwanda’s silk sector. It will buy cocoons from farmers and make products to be exported. Rwanda Silk Processing Factory is a result of a partnership ...Read More
A project expected to increase northern Australian mango exports to China by 200 per cent within five years has been announced. The project will use the latest in supply chain management, quality assessment tools and information technology platforms to find ...Read More
The European Union may impose tariffs on rice imported from Cambodia and Myanmar for the next three years in order to reduce a surge in imports. The Commission proposes to set a duty of 175 euros ($200.73) per tonne of ...Read More
An association which represents Brazilian poultry exporters has warned of the consequences for South African consumers and the broader economy if an new application for an increase of import tariffs on frozen chicken portions is granted. South Africa’s poultry sector ...Read More
