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Rnrtrade Corporation added blog Other
2021-10-21 10:45:12 - Translate -

Documentary Collection: an Effective Tool to Expedite Trade Transactions
Trade transactions involve a series of formalities and legal criteria that end up complicating the payment process. That’s why several payment methods and procedures have been determined to facilitate a smooth undertaking between the exporters and importers. One of such processes is Documentary Collection through which the bank of the exporter becomes liable to receive the payment for the...

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Merchant Finance added blog Other
2021-10-21 09:19:20 - Translate -

Facilitate Smooth Domestic and International Trade with LCs
A Letter of credit or an LC is an effective method of expediting easy domestic and international trade transactions between two parties by ensuring efficient payment. This is done by a bank or a financial institution acting as a third party between the buyer and the seller, wherein the bank guarantees the payment on fulfilment of the terms and conditions mentioned in the Letter of Credit....

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