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Ozgur Eker
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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.
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.

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What are the differences between confirmed and unconfirmed letters of credit?
Letter of credit is an irrevocable undertaking of the issuing bank to honour a complying presentation. The beneficiary of the letter of credit must be ascertain that she/he will get the payment from the issuing bank as long as she/he comply with the terms o...
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What is Confirmation? What are the Advantages of a Confirmed Letter of Credit?
Letter of credit is a payment method in international trade. I have been writing articles covering a variety of topics of letters of credit. So far, I have defined what letter of credit is and explained its types , parties involved in and their roles and re...
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What are the Differences Between Confirming Bank and Nominated Bank?
In theory, it is possible that a nominated bank and a confirming bank are present as two separate banks in a letter of credit transaction. But in reality it occurs very seldom, mainly because of the fact that confirming banks do not add their confirmations ...
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What are the Differences Between Advising Bank and Nominated Bank?
In most cases, the advising bank and the nominated bank is the same institution in a typical letter of credit transaction. Only in rare occasions, these two banks are apart from each other. Because, there are significant differences exist between the advisi...
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Nominated Bank
Nominated Bank
advancedontrade.com
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Nominated Bank
On this article you can find the definition of a nominated bank, its roles and responsibilities in a typical letter of credit transaction. Definition: According to current letter of credit rules, UCP 600, nominated bank means the bank with which the credit ...
Nominated Bank
Nominated Bank
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Confirming Bank
Confirming Bank
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