A Company Has a Nationality and Residence In the modern corporate world, Company Nationality Residence merely commercial entities; they are treated as legal persons under […]
Tag: international trade
14. Discuss the main types of Letters of credit in international-trade.
Introduction In international trade, a Letter of Credit (LC) is a vital financial instrument used to mitigate risks associated with cross-border transactions. It acts as […]
9. What is a letter of Credit ? Discuss the merits and demerits of letters of credit.
Introduction to Letter of Credit A Letter of Credit (LC) is a document issued by a bank, guaranteeing that a buyer’s payment to a seller […]
31. UNCTAD
The United Nations Conference on Trade and Development (UNCTAD) is a permanent intergovernmental body established in 1964. It is part of the United Nations Secretariat […]