This book bridges the existing gap between the theory and practices related to international finance. It discusses banking theories and operational procedures relating to the methods of payment with special reference to LCs, like revolving LCs, back-to-back LCs, transferable LCs, and standby LCs, with specific applications of documentary discrepancies. Moreover, this book discusses merchanting trade, buyers'' credit and supplier''s credit, and bank guarantees with many practical case-lets, linked to the applications of the International Chamber of Commerce (ICC) and other regulatory rules. It also examines the various roles of banks in financing international trade which are extensively discussed through several cases.
This volume,
- Explains in-depth the intricacies and discrepancies relating to the documentation involved in international trade;
- Presents in detail the various steps of executing an export or import deal, right from signing of the contract, man
