Keys to Understanding Documentary Letters of Credit PDF Download
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Author: Cornelio (Onnie) A. Sumangil
Publisher: LULU
ISBN: 1483417581
Category : Business & Economics
Languages : en
Pages : 91
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Book Description
Successful overseas sales can open windows of opportunities for international business, allowing companies to grow and substantially increase profits. Documentary letters of credit is one of the most secure payment instruments available to ensure each transaction goes smoothly. Unfortunately, it can also be one of the most complex and technical processes related to cross-border transactions. Cornelio (Onnie) Sumangil relies on more than forty years of experience in international trade banking to help others better understand a documentary letter of credit, how it works, and its purposes. Sumangil provides a roadmap that leads both novice and seasoned cross-border traders through a step-by-step process from analyzing and negotiating the terms and conditions of a transaction to securing a payment at the end of the process. Included is relevant information on negotiation credits, types of time payments, ways to resolve discrepancies, and how to select a high-quality international bank.
Author: Cornelio (Onnie) A. Sumangil
Publisher: LULU
ISBN: 1483417581
Category : Business & Economics
Languages : en
Pages : 91
Get Book Here
Book Description
Successful overseas sales can open windows of opportunities for international business, allowing companies to grow and substantially increase profits. Documentary letters of credit is one of the most secure payment instruments available to ensure each transaction goes smoothly. Unfortunately, it can also be one of the most complex and technical processes related to cross-border transactions. Cornelio (Onnie) Sumangil relies on more than forty years of experience in international trade banking to help others better understand a documentary letter of credit, how it works, and its purposes. Sumangil provides a roadmap that leads both novice and seasoned cross-border traders through a step-by-step process from analyzing and negotiating the terms and conditions of a transaction to securing a payment at the end of the process. Included is relevant information on negotiation credits, types of time payments, ways to resolve discrepancies, and how to select a high-quality international bank.
Author: Cornelio Sumangil
Publisher:
ISBN: 9781731040640
Category :
Languages : en
Pages : 100
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Book Description
About the AuthorCornelio (Onnie) Aguila Sumangil is principal of Sumangil Trade Resources, a Dallas based strategy consulting firm focused on tackling challenges in cross-border, trade transactions. His firm partners with exporters and provides expertise, ideas, and support in international trade transactions. His previous professional career for 40 years with three American global banks provided him with experience in handling cross-border trade. He retired as Senior Vice President for Trade Sales for Bank of America in 2000. Thereafter, he was employed by Citibank N.A., New York as Trade Sales Manager for the Southwest USA. At First National Bank of Minneapolis, he was an international operations specialist for 10 years. He started his banking career at Bank of Asia in the Philippines. He received a Diploma of Graduation from the American Bankers Association School for International Banking at the University of Colorado in 1984.Onnie was the recipient of the Professional Service Award given by the Dallas- Fort Worth International Trade Resource Center in 1998. He served as Trade Finance Instructor at Texas Tech University International Cotton School, Lubbock, Texas, for ten years. In 2014, he published a book on the fundamentals of documentary credits titled: Keys to Understanding Documentary Letters of Credit, which is available at Barnes and Noble and Amazon.com. He is a member of the International Advisory Board of Richland College in Richardson, Texas.
Author: Nisha S Koshal
Publisher: Notion Press
ISBN: 1946822086
Category : Business & Economics
Languages : en
Pages : 214
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Book Description
The book elucidates the importance of a letter of credit in matters of trade finance. A letter of credit is an instrument that is used worldwide to facilitate the flow of trade finance. This book is ideal for beginners who are interested in the subject but do not possess a clear understanding of the basics of the letter of credit or adequate technical knowledge. It may also benefit bankers and students of international trade finance. It will help them build a strong foundation to help understand how to tackle difficult day to day transactions. The book explains the UCP 600 guidelines that govern letters of credit and the roles of the issuing bank, beneficiary, advising bank, nominated bank, confirming bank, applicant and so on. This book is not exhaustive as letter of credit is a vast subject and every single transaction carried out is unique. The book has been written keeping in mind the difficulties I faced while working at a bank and the experiences I have gained thus far, on my journey as a trade finance professional.
Author: A. N. Oelofse
Publisher:
ISBN:
Category : Documentary credit
Languages : en
Pages : 700
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Book Description
Author: Charles E. Aster
Publisher:
ISBN:
Category : Letters of credit
Languages : en
Pages : 338
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Book Description
Author: Thomas H. Ward
Publisher: Xlibris Corporation
ISBN: 146281851X
Category : Business & Economics
Languages : en
Pages : 110
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Book Description
I classify international banking and international shipping together because for a international business that buys and resells materials, the two are interrelated. It is necessary to have a bank and a freight agent that has a lot of experience in international business. Do not use a small local bank as they cannot meet your need when it comes to doing business outside the United States.
Author: Eliahu Peter Ellinger
Publisher:
ISBN: 9780821404898
Category : Letters of credit
Languages : en
Pages : 442
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Book Description
Author: International Chamber of Commerce
Publisher: ICC Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 60
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Book Description
Author: Eliahu Peter Ellinger
Publisher:
ISBN:
Category : Credit
Languages : en
Pages : 331
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Book Description
Author: Charles del Busto
Publisher: ICC Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 168
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Book Description
Case Studies on Documentary Credits under UCP 500 analyzes real cases involving ICC's Uniform Customs and Practice for Documentary Credits, UCP 500. Taken from formal and informal queries submitted to the ICC, Case Studies sets out the facts of each case, poses the key questions to be answered and provides clear and detailed responses from the ICC. Each of the 33 case studies in this book is referenced to a specific Article of the UCP 500. Each case study is then presented in four parts: Background: Type of Credit, Application, Issuing Bank, Advising Bank, Negotiating Bank, Availability, Expiry Circumstances: Specific facts of the case Queries: Questions to be answered Answers to the Questions: Answers provided by the ICC Answers to the queries are grouped, case by case, in Part Two of the book in order to encourage individual comprehension and training. Case Studies also includes: -- Sample Documents -- A test highlighting possible discrepancies in the documents -- Index of key words and UCP Articles to which cases refer -- Full text of UCP 500 and related ICC Position Papers Case Studies on Documentary Credits under UCP 500 is a practical, user-friendly workbook designed to bring an added dimension to your knowledge of the UCP rules. Ideal for bankers, traders, lawyers, students of international trade and international banking. Related publications and software from ICC Publishing UCP 500 -- UCP 500 Diskette -- UCP 500 + 400 Compared -- Guide to Documentary Credit Operations -- Standard Documentary Credit Forms -- Opinions of the ICC Banking Commission
