What is a Transferable Letter of Credit? A Transferable Letter of Credit (LC), also known as a Transferable Documentary Credit, is a type of letter of credit commonly used in international trade to facilitate transactions involving multiple parties. It allows the beneficiary (the seller or exporter) of the LC to transfer all or a portion ..

Bill of Lading – What is it and why is it important? A bill of lading (B/L) is a legal document issued by a carrier or their agent to acknowledge the receipt of cargo for shipment. It serves as both a receipt for the goods and a contract of carriage between the shipper (the person ..

Logistics in a nutshell Logistics is the process of planning, implementing, and controlling the efficient and effective flow of goods, services, information, and people from the point of origin to the point of consumption or use. It involves a wide range of activities and functions that are essential for the smooth and cost-effective operation of ..

20-ft container, dimensions and capacity A 20-foot container, often referred to as a “20-footer,” is a standard intermodal shipping container widely used for transporting goods by sea, rail, or truck. These containers are commonly used in international trade and logistics due to their standardized size, which simplifies cargo handling and transportation. Here are the standard ..