On: September 10, 2006 By: Mary K. McCormick
The Advantages of Arbitration Clauses in International Contracts
There are many reasons for settling import-export contract disputes through arbitration rather than going to court.
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On: June 4, 2006 By: Chris Lidberg
Dealing with Discrepancies under Letters of Credit
It is not uncommon to receive a call from your bank telling you they checked documents against your letter of credit and that discrepancies have been cited. Here's how you may want to respond.
On: May 7, 2006 By: Stan Klatka
Cross-Cultural Communications: Paralanguage and Body Language
If your words relay only part of your message, your body language and the other sounds you make convey the rest of your message.
On: January 22, 2006 By: Chris Lidberg
When Is an Amendment Not an Amendment?
Once a letter of credit (LC) is issued and the beneficiary has had a chance to review the document, the need for an amendment may become apparent.
On: December 26, 2005 By: Prema Nakra
Countertrade and International Marketing: Take a Proactive Approach!
Countertrade is being increasingly viewed by firms and nations as an excellent mechanism to gain entry into new markets. Here are some advantages and disadvantages of the practice.
On: October 30, 2005 By: John Goodrich
Importing Basics: Intellectual Property Rights
Intellectual Property Right owners can record their trademarks and copyrights with Customs, which will then screen import shipments for infringements.
On: September 1, 2003 By: Chris Lidberg
International Letter of Credit: What Constitutes a Discrepancy
You must meet the terms of a letter of credit in order to get paid. Here are the types of discrepancies that can cause problems with the bank.
On: May 19, 2002 By: Chris Lidberg
Will Your Bank Add Their Confirmation to a Letter of Credit?
If you decide you need to use a confirmed letter of credit to ensure that you will get paid for your export, you need to make sure that your bank will add their confirmation. Here are some reasons they might not want to confirm.
On: March 10, 2002 By: Chris Lidberg
Trade Letters of Credit versus Standby Letters of Credit
The trade letter of credit is intended to be a payment tool. The standby letter of credit is just the opposite. It is not intended to be drawn upon.
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