International trade transactions often involve the use of financial instruments called Letter of Credits (LCs) to provide an extra layer of security due to the assurance of the banks involved in trade. However, when a…
Understanding Exports Credit Insurance Exports credit insurance is a financial tool that provides protection to exporters against the risk of non-payment by their overseas buyers. It is designed to safeguard exporters from the potential losses…
Andhra Pradesh is a coastal state located in the southeastern part of India. With abundant natural resources, a favorable investment climate, and a rich pool of human resources, Andhra Pradesh has the potential to emerge…
In today’s interconnected global economy, international trade has become an integral part of many businesses. However, with this increased economic activity comes increased risk. Country risk is the potential for loss or adverse effects on…
ECGC has released its latest country risk classification, which comes into effect on May 1, 2023. The updated list includes a number of changes, reflecting the current economic and political conditions around the world. One…
Incoterms 2020 Rules, the tenth revision to Incoterms, were introduced by the International Chamber of Commerce in 1923. These updated rules came into effect from 1st January 2020, reflecting changes in market practice, new technologies,…
Iron and steel are the backbone of modern industrialization, and their production and consumption are closely linked to economic growth and development. The global iron and steel industry has undergone significant changes in recent years,…
The airway bill is an important document used in international trade that accompanies goods being shipped via air freight. It is a contract of carriage between the carrier and the shipper that provides details of…
The Agricultural and Processed Food Products Export Development Authority (APEDA) is a key organization in India that aims to develop and promote the export of agricultural and processed food products. Established under the Ministry of…
In international trade, various documents are used to facilitate the movement of goods from one country to another. Two of the essential documents used in this process are the shipping bill and the bill of…