What is the Hague Rule The International Convention for the Unification of Certain Rules of Law Relating to Bill of Lading, also known as the Hague rule, was signed in 1924. Its sole purpose...
Category: Supply Chain
Timber and timber products can be classified as traded commodities, this is why the Malaysia timber export or import requirements are highly regulated by local state authority. In Malaysia, The three...
A Letter of Credit, also known as a documentary credit, is a method of payment that makes international sales more secure for both the buyer and the seller. Predominantly, the letter of credit...
INCOTERMs are heavily relied on to distribute transportation responsibilities that is distributed between the importer and the exporter. Here is a table of what is the best possible INCOTERM for the...
A more adept question would be, why an original bill of lading is issued in 3 copies? As a matter of fact, there are multiple users of the bill of lading, an exporter can request as many copies of an...
Letter of Credit is a financing tool used to facilitate international trade by big banks. As a bank’s product, the beneficiary to the letter of credit can be transferred to another party. Provided...
