Question

Compose an essay on International Trade Document Strategy with no less than 1500 words. You may analyze L/C documents risks of Beneficiaries, or imply strategies on how to negotiate contract clauses under L/C payment.

The essay should be with a clear structure, related concepts and your own analysis on practical strategies.

Answer 1

International Trade Document Strategy.

• Export Procedure and Documentation
• Methods of Payment and Incoterms
• EXIM Strategies
• Export Marketing – Going Global
• Methods of Financing Exporters and Business Risk Management
• Custom Clearance of Import and Export Cargo
• Logistics and Characteristics of Modes of Transportation
• International Transport System
• Characteristics of Shipping Industries
• Containerization and Leasing Practices
• Inland Container Depots
• Export Incentives Schemes
• Special Economic Zones
• Information Technology in International Business

​​​​​​​Paper documents (or electronic files) used in international trade that prove that certain events have taken place. Legal: documents that satisfy a governmental requirement, such as certificates of origin, export declarations, import licences or consularized documents.International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. ... Carrying out trade at an international level is a complex process when compared to domestic trade.There are three types of international trade: Export Trade, Import Trade and Entrepot Trade. Export and import trade we have already covered above. Entrepot Trade is a combination of export and import trade and is also known as Re-export.

There are four major cost components in international trade, known as the “Four Ts”:

• Transaction costs. The costs related to the economic exchange behind trade. ...
• Tariff and non-tariff costs. Levies imposed by governments on a realized trade flow. ...
• Transport costs.
• Time costs

There are two types of trade

• Internal or Home or Domestic trade.
• External or Foreign or International trade.

• International trade is characterised by the following features:

• Territorial specialization: ...
• International competition: ...
• Separation of sellers from buyers: ...
• Long chain of middlemen: ...
• Mutually acceptable currency: ...
• International rules and regulations: ...
• Government control:

• Most Influential Factors Affecting Foreign Trade

• 1) Impact of Inflation:
• 2) Impact of National Income:
• 3) Impact of Government Policies:
• 4) Subsidies for Exporters:
• 5) Restrictions on Imports:
• 6) Lack of Restrictions on Piracy:
• 7) Impact of Exchange Rates:

L/c payement

• A letter of credit, or "credit letter" is a letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make a payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase.

What is LC payment method?

A letter of credit, or "credit letter" is a letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make a payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase.

What is LC in international trade?

A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods.The LCD is using in international trade Letters of credit are indispensable for international transactions since they ensure that payment will be received. Using documentary letters of credit allows the seller to significantly reduce the risk of non-payment for delivered goods, by replacing the risk of the buyer with that of the banks.

In the essay is about the international trade documents in above that clearly mention the type of international trade documents. And also it's types and chaactri stick and other information about the international trade documents in the trade payement unsung LCD payement also mentioned in above .So the international trade in exchange of good and services in other countries. The trade have some rules and structures methods .