Archive for category: Letters of Credit

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Neden Akreditif
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Why Use a Letter of Credit?

Why Letter of Credit? The credit, which is one of the payment methods used in the trade, is why the parties prefer.. or why not.. In fact, its worldwide use is due to the fact that the credit, which has been declining over the years, is not preferred.
Konşimento
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What is a Consignment?

What is a Consignment? What are its features? One of the most important documents used in foreign trade is the consignment. The bill of lading (Bill of Lading) is used in maritime transport, representing the property right of the property and (how it is arranged...
Akreditif Nasıl Açılır?
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How to Open a Credit?

In our blog post, you can find the answer to the question How to Open an Letter of Credit. In order to open a credit, the buyer, i.e. the importer, will apply to his own bank for the goods he will buy, opening a credit in favor of the seller...
Mısır Devleti İthalatlara Akreditif Mecburiyeti Getirdi
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The Central Bank of Egypt's Decision on the Credit Obligation

It was not until February 12, 2022 that the Ministry of Commerce announced that the information that will be used in imports in Egypt will be credited to the system of "Send Preliminary Information-Advanced Cargo Information (ACI-ACID)".
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The notify section on the consignment

What is the NOTIFY section on the NotIFY section on the Consignment? What's the use? What should be written? If there is a bank every now and then, should the name of the bank or the recipient be written? In our seminars about this subject...
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Covid-19 Forced Cause Effect on Contracts in International Trade

The virus, which emerged in the Chinese state of Wuhan in March 2019, and was described as Covid-19, soon spread and affected the entire world. Corona virus was introduced by the WHO (World Health Organization) on January 30, 2020.
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ICC (International Chamber of Commerce) Calls on Governments to SOS on SMEs

What is ICC? The International Chamber of Commerce (ICC), headquartered in Paris and founded in 1919, is an international organization representing companies of 140 countries around the world. The International Chamber of Commerce is the world's largest...
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Requested EX1 Certificate in letters of credit and Issues

EX1 CERTIFICATE AND LIVING PROBLEMS IN ACREDIFIEDS EX1 Certificate As you know, the code number in the Customs Declaration used in exports (written in box 1). Our country is an exporter...
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Latest Status in Libyan letters of credit (24 December 2018)

Recently, reports from Libya say that the Central Bank of Libya (CBL) has recently begun to allow the opening of credit for many sectors. As previously known, only Medicine allowed the opening of an letter of credit for the import of goods, such as basic food. In the coming days, orders from Libya and, accordingly, the credits to be opened to exporters in Turkey are expected to increase. In this article, we will try to explain both what to pay attention to in an letter of credit, and what to pay attention to in the letters of credit opened in the Libyan special.
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I Made a Mistake in the Algerian Letter of Credit...

Algeria letters of credit As with my most recent writing, I will again share with you one that I find important from within my answers to the questions that have come to me and that may interest everyone. A mishap similar to your head...
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Notes to Fresh Exporters

A few years before that, when I was working at a company, a friend of mine with experience in export came to visit me. After a brief mention of the fact that I told him about the company I was working for, the desire to export. Direct...