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Showing posts with label
Commercial Terms
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Showing posts with label
Commercial Terms
.
Show all posts
Saturday, July 5, 2014
Letter of Credit(L/C) Work Flowchart for Garments Manufacturing Business | Letter of Credit Operation Procedures
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A Letter of Credit is a payment term generally used for international sales transactions. It is basically a mechanism, which allows imp...
Friday, December 20, 2013
International Commercial Terms (Incoterms) - Important for Apparel Merchandising
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International Commercial Terms (Incoterms) are internationally recognized standard trade terms used in sales contracts. They’re used to mak...
Sunday, December 8, 2013
L/C Payment Procedures for Fabric Importation-Woven Garment Merchandising
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In case of larger amount importation L/C is used. It is a costly process than TT. An irrevocable Letter of Credit is also an often use...
Commercial Terms Frequently Used in Garment Exportation and Importation
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AWB - Air Waybill D/C - Documentary Credit (also known as L/C) CFR - Cost & Freight CIF ...
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