In today’s competitive job market, standing out from the crowd is essential for career advancement. One way to distinguish yourself and enhance your career prospects is by obtaining a CDCS (Certified Documentary Credit Specialist) certification. But what exactly are the benefits of CDCS certification? Let’s delve into the advantages that this prestigious credential can offer. … Read more
In this post we are going to discuss about the words Disregard, Obligation and Without Delay in UCP 600. Before we start today’s topic let’s recall that in an earlier post we had discussed the usage of 3 very important words that appear in the text of UCP 600, the rules that govern issuances of … Read more
In this post we’ll discuss Incoterms 2020 for CDCS exam in simple words. Incoterms 2020 is published by International Chamber of Commerce (ICC). What are Incoterms? Incoterms stands for International Commercial Terms. These are a set of standard rules which defines the rights and responsibilities of importer and exporter in a trade transaction. The latest … Read more
In this post we are going to discuss about the words Must, May and Should in UCP 600. This is an interesting aspect of UCP 600, the rules that govern issuances of letters of credit, all over the world. We’ll not discuss any specific topic or any article. Rather, this topic is about the UCP … Read more
A Bill of Lading commonly referred to as BL is a transport document covering port to port shipment. A Bill of lading is also a document of title. As per UCP 600 article 20, A bill of lading may be “however named”. This means that a bill of lading need not be necessarily named “bill … Read more
URR 725 are the Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits. These rules are published by the International Chamber of Commerce (ICC). The Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits will apply to any bank-to-bank reimbursement only when the text of the reimbursement authorization expressly indicates that is is subject to these rules. … Read more
