Rosita, Tina (2004) Managing letter of credit discrepancies in export - import transactions. Bachelor thesis, Petra Christian University.Full text not available from this repository.
Nowadays many people used Letter of Credit as their payment guarantee when they do export or import transactions. While using L/C as payment guarantee, the documents are not always complied with the requirements which may cause late payment. Discrepancies often happen in export import transaction using L/C because of human error and less knowledge about the rules using Letter of Credit as payment guarantee. By understanding the rules using Letter of Credit it will give a benefit to exporter and importer in lowering cost because every discrepancy will charge discrepancy fee. There are some case studies about L/C?s discrepancies that may happen because of human error and less knowledge about L/C. The use of Letter of Credit is very helpful for international transactions. As the time goes by, there will be more people use L/C for their transactions. Therefore it is better to learn how to manage discrepancies that may occur during transactions because discrepancies can delay the transactions which caused financial loss.
|Item Type:||Thesis (Bachelor)|
|Uncontrolled Keywords:||letter of credit, payment guarantee, discrepancies, human error|
|Date Deposited:||23 Mar 2011 18:48|
|Last Modified:||30 Mar 2011 11:53|
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