Article archive
Letter of Credit - 2
17/12/2009 04:47
Types of LC:
Revocable LC: can be amended or cancelled at any moment by Issuing Bank with consent of other party.
Irrevocable LC: holds commitment by Issuing Bank to pay or reimburse the Negotiating Bank provided conditions of LC are compiled with.
Irrevocable Confirmed...
Letter of Credit - 1 Forex
16/12/2009 23:38
Parties:
Importer or Buyers or the Applicant – applies for LC to issuing bank
Issuing Bank – opens LC, sends...
Letter of Credit - Forex
16/12/2009 23:33
It is used for trade settlements across globe. To bring uniformity, International Chambers of Commerce (ICC), Paris has framed uniform rules & procedures called Uniform Customs and Practices for Documentary Credit (UCPDC-600). It is a signed or authenticated instrument...
Risks involved for International Investors while investing in Equity Shares of a Company:
16/12/2009 23:30
Currency exchange rate fluctuations may affect the value of the equity shares & cash dividends.
Capital gains on sale of the equity shares may be subject to Indian taxes.
Since the company is incorporated under the laws of India, one may not affect service of process...
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