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settlement of letters of credit
Letter of Credit Settlement
A letter of credit (or “L/C”) is a financial instrument used by international buyers and sellers of goods and services to assure each party that the obligations under the contract will be fulfilled. Much like any other financial instrument, settlement of a letter of ......
19/07/2023 
1031 
Lily
select tariff
Tariff and its Importance
Tariff is a tax imposed by one government on the citizens of another government and are generally charged on the imports. A tariff is an effective and essential tool for a government to ensure the economic stability of their country and to protect its own citizens’ inte......
Sino-foreign technology transfer contract
Technology Transfer Contract
THIS CONTRACT (this “Contract”) is entered into on this ___day of ____, 20____, by and between ___________, a company organized and existing under the laws of ______ (“Company”) and _____ (“Us”).
WHEREAS, Company is engaged in the business of _______________, ......
Sino-foreign cooperative business contract
Cooperative Operational Contract between Chinese and Foreign Companies
In order to further promote the economic and trade cooperation between Chinese and foreign companies and promote the rapid development of foreign economic and trade cooperation, a cooperative operational contract between Chine......
Sino-US tire protection case
Case Background
U.S. Tire is an American-based tire manufacturing company that has been in business for over 30 years. The company makes quality tires for cars and trucks, but also produces tires for specialty markets, such as racing and off-road vehicles. U.S. Tire has come under increasing pres......
swap
Interpreting Futures Markets
A futures market is a financial exchange in which people trade futures contracts that do not require delivery of the underlying asset. A futures contract specifies the quality and quantity of an asset that someone agrees to buy or sell at a certain price, at a certain......
strategic trade policy
Strategic Trade Policy
Introduction
Strategic trade policy (STP) is a policy tool used by governments of countries to gain economic advantages in international markets. It involves the use of measures such as tariffs, subsidies, and export and import quotas to benefit domestic industries that pr......
Sight trading
Having to trade sight unseen can be a frightening prospect, since you do not have the benefit of an inspect the item before offering a price. However, providing you due diligence and secure any agreement in writing you should know what to watch out for to ensure you get the best deal and both part......
smuggling
Smuggling
Smuggling is the illegal transportation of goods or people across international borders or international waters. Smuggling is often done for the purpose of evading or avoiding taxes, or regulations. Goods are usually smuggled in or out of a country in order to avoid paying taxes on them......
Specialized trade
Special Trade
Special trade has been prevalent since ancient times, with traders and merchants of different countries, regions and dynasties having conducted trade activities with one another over a period. Special trade, also known as external trade, refers to the purchase and sale of goods bet......
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