Viewing entries tagged with 'export'
Container units form the most integral part of the entire shipping industry, trade, and transport. These shipping containers are the structures that store various kinds of products that need to be shipped from one part of the world to another. Moving containers protect contents on the long journeys they make and ensure they make it back to you in one piece.
Have you ever wondered exactly what happens when you export cargo to another country? If you have or just want some more information, then read on!
As the shipping of foreign goods to another country can take some time, importers have to ensure the exporters are paid before the goods arrive. This is where the Letter of Credit comes in. Sometimes known as ‘documentary credit’, this letter acts as a guarantee from the bank that they will pay the seller on behalf of the buyer the agreed amount of money within a specified timeframe.