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...

The difference between letter of guarantee types, procedures, and letters of credit

In the realm of financial transactions and contractual agreements, a Letter of Guarantee s...