F71D (Charges) in Letter of Credit
F71D (Charges) is an optional field in the MT700 type SWIFT message. This field specifies the charges borne by the beneficiary. Actually, it mentions who […]
Field 50 Applicant in Letter of Credit (LC)
F50: Applicant is a mandatory field in MT700 SWIFT message. This field specifies the party on which request the LC is issued. Actually, the buyer/importer’s […]
Proforma Invoice in the LC
A Proforma Invoice (PI) is a must document for a Letter of Credit. This document provides information regarding goods/services quantity, price, delivery, buyer and seller […]
How to Optimize Your Procurement Process
An effective organization has, among others, an efficient procurement process at the core. An optimized procurement strategy has a positive domino effect throughout the organization, […]
7 Ways to Scale Your Business through Innovation
Every startup’s goal is to achieve scalability and adapt to an enormous workload without losing revenue or performance. But it is not every business that […]
UPAS (Usance Payable at Sight) LC explained
When it comes to the discussion of the letter of credit, then obviously you have to know about UPAS LC. This is a solution for […]
The Complete Office Relocation Checklist
After choosing the most suitable space for your company among the commercial properties for sale, it is time to plan for the move. Whether you […]
7 Supply Chain Outsourcing Strategies That Will Triple Your Revenue
Logistics and supply chain is one of the most challenging concepts for eCommerce businesses. Due to the increasing global demand for procurement, manufacturing, logistics, and […]
Field 39A Percentage Credit Amount Tolerance in Letter of Credit (LC)
Field 39A is the percentage credit amount tolerance mentioned in the MT700 SWIFT message of the Documentary Letter of Credit. The tolerance is for both […]
Why Health & Safety Is Critical in the Supply Chain Industry
Supply chain management is one of the world’s most critical infrastructures. It is an important process of managing and coordinating the shipping of goods and […]