Based on whether another bank guarantees payment, letters of credit can be divided into confirmed letters of credit and unconfirmed letters of credit. (1) Confirmed L/C. A confirmed L/C is a letter of credit issued by an issuing bank, where another bank guarantees to pay for documents that meet the terms of the L/C. The…
In cross-border e-commerce transactions, paying the purchase price according to the sales contract or agreement is the basic obligation of the buyer, and collecting the purchase price on time is the main right of the seller. The payment of the purchase price directly affects the turnover and financing of funds between the buyer and the…
E-commerce platforms all have their own scoring mechanisms, which usually rate stores as excellent or unqualified. There are many types of scoring on the AliExpress platform, such as the data of AliExpress’s 24-hour service score, the data of 24-hour data vertical and horizontal, and the data of AliExpress’s 24-hour response rate, etc. Today, we will…
From different perspectives, bills of exchange can be divided into different types. (1) According to the different drawers, bills of exchange are divided into bank bills and commercial bills. ①Banker’s Drat refers to a bill whose drawer is a bank and the payee is also a bank. ②Commercial Drat refers to a bill whose drawer…
Migrate your store to Shopify – Customer CSV column descriptions in Transporter Descriptions of columns in the Customer CSV file To import customers into Shopify using the Transporter app, you need a CSV file that contains only this record type. CSV sample file You can generate this CSV file using the Transporter command-line tool, or…
The Uniform Rules for Collections formulated by the International Chamber of Commerce define collection as follows: Collection means the processing of financial documents and/or commercial documents by a bank that receives a collection instruction in accordance with the instructions received in order to obtain payment or acceptance, or to hand over commercial documents against payment…
In addition to Amazon FBA, what other overseas warehouses are more well-known? For those who have not found a third-party overseas warehouse, it is difficult to find a suitable overseas warehouse. They will worry about not finding a platform suitable for their own store. Below, the editor will introduce to you what other well-known logistics…
According to Article 73 of my country’s “Bills of Exchange Law”, a promissory note is a note issued by the drawer, promising to pay a certain amount to the payee or holder unconditionally upon seeing the note. Article 74 also stipulates that the drawer of a promissory note must have a reliable source of funds…
Both remittance and collection are credit provided by the buyer and seller to each other according to the trade contract, so they belong to commercial credit. The payment method can be divided into two types: forward remittance and reverse remittance according to the flow of funds and the direction of payment instrument transmission. Forward remittance…
The uses of bills of exchange include issue, presentation, acceptance, and payment. If a bill of exchange needs to be transferred, it is usually transferred by endorsement. When a bill of exchange is dishonored, it also involves making a protest certificate and exercising legal rights such as recourse. (1) Issue. Issue refers to the act…