LCAF (Letter of Credit Authorization Form)
LCAF form is a Letter of Credit Authorization Form. It is used to allow opening LC (Letter of Credit) to import from abroad. Though LCAF […]
Activities of the Value Chain Explained
The creation of a product or service involves a full range of activities or steps between conception and distribution. This includes raw material procurement and […]
Why Achieving Strategic Fit through the Supply Chain is Important
Every business in the contemporary globalized marketplace wants to achieve a competitive advantage to stay in business longer. But it is not all businesses that […]
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 […]