A letter of credit is a secure payment method in international trade, issued by a bank to guarantee the buyer’s payment to the seller. Sriya Ent explains how it provides financial security by ensuring that the seller receives payment as long as the terms of the letter are met. Understanding how letters of credit work help mitigate risks and enhance trust between trading partners in global transactions.
A vibrant and insightful workshop on FEMA (Foreign Exchange Management Act) and Trade Finance was held, bringing together industry participants to deepen their understanding and enhance their capabilities in these critical areas. The event was marked by engaging discussions, expert…
Mastering International Trade: Decoding Incoterms and Payment Terms for Export-Import Success Basically, the need to write this blog came, based on my recent interaction with an MSME exporter. In my recent consultation with an MSME (Micro, Small, and Medium Enterprises)…
Exporting goods and services has become a pivotal part of the global economy, and India is no exception. As one of the world’s fastest-growing economies, India offers numerous opportunities for businesses to expand their international reach. Export factoring, a financial…
DGFT tells Banks to push foreign trade in Rupee - Banks are reluctant to Catch 22 for Exporters Banks are being nudged to popularize the settlement of cross-border trade in the rupee. Due to the Russian invasion of Ukraine, European…
The event was organized by FIEO on Capacity Building Programme: Awareness Programme on Exports@75 India - District As Export Hub, Valsad. One of the Topics at the event was Trade Compliance under RBI Guidelines Trade compliance, unlike any other compliance,…
Developed countries imposing carbon tax would affect India. India has been making tremendous efforts to be a five-trillion-dollar economy where thrust on exports is major for a boost to its economy. It has been making substantial efforts to increase its…
India has witnessed a massive push to propel the export growth of the SME and MSME segment through various schemes and FTAs, but their financing needs are yet to be prioritised. One of the key factors driving growth in…
The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog, who sets international standards that aim to prevent illegal activities that cause harm to society. The inter-governmental body established in 1989 during the G7 Summit in…
Session on Regulation with EDPMS and IDPMS with the Industry in association with Princeton Academy at Mumbai. This session was enlightening, as the issues faced by the industry with various operational issues in compliance with InternationalTrade RBI regulation. The reason…
