Publisher's Synopsis
The aim of this book is to try to bring varying and often conflicting interests together in a deeper understanding of how the documentary letter of credit and, to a lesser extent, the documentary bill for collection, works. Only then will there be any hope of reducing the high incidence of rejected drawings under credits, the vast quantities of unwanted goods offered for sale at huge discounts simply to get rid of them.;The book is not written from the particular standpoint of any one of the parties involved in the international trade transaction but is intended to be read by all who need to know: export/import clerks, bank clerks, forwarders and students.
