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Ozgur Eker

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Definition and meaning of import customs clearance, how it works and who should make it.
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Ozgur Eker

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Definition and meaning of export customs clearance, how it works and who should make it.
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Ozgur Eker

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Bill of lading is a generic name of a transport document, which is used when goods are carried out via sea shipments. Today's complex ec...
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Ozgur Eker

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What are the differences between a multimodal bill of lading and a bill of lading?
Bill of lading and multimodal bill of lading are two important transport documents. They are frequently used in international trade. Exporters and importers should be expecting to receive one of these transport documents from carriers , especially when they...
Bill of lading and multimodal bill of lading are two important transport documents. They are frequently used in international trade. E...
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Ozgur Eker

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Today, I would like to explain some of the basic shipping terms, that define the starting and ending points of the transportation, known as ...
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Ozgur Eker

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Bill of lading and multimodal bill of lading are two important transport documents. They are frequently used in international trade. Ex...
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Ozgur Eker

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What is Import Customs Clearance?
When it comes to customs clearance , many people think of customs operations occur only at the importing stage. But this widespread belief does not reflect the reality, because at least two different customs clearance have to be done in a single foreign tra...
Definition and meaning of import customs clearance, how it works and who should make it.
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Ozgur Eker

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What is Export Customs Clearance?
Each independent state has its own customs territory. Every product, entering or leaving the customs territory of a specific country has to be subjected to customs procedures in accordance with the customs legislation of that country. These procedures are a...
Definition and meaning of export customs clearance, how it works and who should make it.
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Ozgur Eker

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How to Complete a Bill of Lading and a Shipping Instructions? Step by Step Explanation with Examples
Bill of lading is a generic name of a transport document, which is used when goods are carried out via sea shipments. Today's complex economic activities and modern transportation industry created a ground for the development of different types of bills of ...
Bill of lading is a generic name of a transport document, which is used when goods are carried out via sea shipments. Today's complex ec...
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Ozgur Eker

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What are the differences between a multimodal bill of lading and a bill of lading?
Bill of lading and multimodal bill of lading are two important transport documents. They are frequently used in international trade. Exporters and importers should be expecting to receive one of these transport documents from carriers , especially when they...
Bill of lading and multimodal bill of lading are two important transport documents. They are frequently used in international trade. E...
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Ozgur Eker

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Easy way to understand the differences between port-to-port, port-to-door, door-to-port and door-to-door shipments
Today, I would like to explain some of the basic shipping terms, that define the starting and ending points of the transportation, known as port-to-port, port-to-door, door-to-port and door-to-door shipments, which you may encounter on your daily work routi...
Today, I would like to explain some of the basic shipping terms, that define the starting and ending points of the transportation, known as ...
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Ozgur Eker

Shared publicly  - 
 
What are the differences between a multimodal bill of lading and a bill of lading?
Bill of lading and multimodal bill of lading are two important transport documents. They are frequently used in international trade. Exporters and importers should be expecting to receive one of these transport documents from carriers , especially when they...
Bill of lading and multimodal bill of lading are two important transport documents. They are frequently used in international trade. Ex...
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This is Ozgur Eker. MIntBus (Master of International Business), BBA (Bachelor of Business Administration). Have CDCS (Certified Documentary Credit Specialist) title since 2010. I live in Izmir, Turkey.
Introduction
www.letterofcredit.biz is your gateway to International Trade Finance World designed & developed by a Certified Documentary Credit Specialist.

Letters of Credit have certain advantages in foreign trade transactions not only for exporters but also for importers. 

Some Advantages of Letter of Credits for Exporters :

  • Letters of Credit give comfort to exporters regarding the payment. Exporters know that as long as they comply with the terms and conditions of the Credit they will be paid.
  • Payment guarantee is given by a Bank.
  • Exporters can demand from an another bank to add its guarantee to the Credit in order to overcome various risks such as political risk.
  • Conditions of the Credit will not be changed without the permission and consent of the exporter as long as credit is irrevocable.

Some Advantages of Letter of Credits for Importers :

  • Importers can negotiate for more favourable terms with the Exporters if Letter of Credit is offered as a payment. 
  • Importers know that exporters will not be paid unless they comply with the terms and conditions of the Credit.
  • Importers can use Letter of Credit as a finance tool to finalize the transaction.

Majority of the international trade companies especially SME could not be benefited from these advantages as Letter of Credit is one of the most complex field in international trade. Unfortunately not every company could hire a LC expert to deal with LCs professionally. That is the reason why  LC Consultancy Services has been founded. Supply  best LC expertise available to international trade companies especially SME with unbelievable competitive prices.