10 common terms used in international trade

In the realm of international trade, understanding and utilizing common trade terms is par...

Explain What is an air waybill (AWB)?

What is an air waybill (AWB)? An Air Waybill (AWB) is a crucial document in international...

Introduction What is MasterCard?

Mastercard, a globally recognized financial service, is a leading player in the payment in...

What is the difference between MasterCard VS Visa card?

Whai is visa？ Visa is a global payment technology company that facilitates electronic fund...

Western Union money transfer: process and arrival time

What is Western Union? Western Union is a global financial services and communications com...

What does Forwarders Certificate of Receipt (FCR) mean?

A Forwarder’s Cargo Receipt (FCR) (AKA Forwarder’s Certificate of Receipt) is a document i...

What is the difference between CIF and FOB?

Introduction: CIF (Cost, Insurance, and Freight) and FOB (Free On Board) are crucial shipp...

Explain what EX Works (EXW) means?

Understanding Ex Works (EXW) Ex Works (EXW) is a term widely used in international trade t...

What is Usance Letter of Credit (LC)?

A Usance Letter of Credit (LC) is a financial instrument commonly used in international tr...

What is a sight letter of credit and what is the general application process?

What is a sight letter of credit? Sight Letter of Credit is a payment method in which the...