Types of Letter of Credit (LC): How They Work, When to Use One, and Who Pays A letter of credit (LC) is a bank’s promise to pay a seller when the seller presents the documents required by the LC and those documents comply with its terms. Common in international trade, an LC can reduce payment… Read More »
What is an A.D. Code in Export? When and how to Use it? A.D. Code (Authorised Dealer Code) is a 7-digit number issued by an authorised dealer bank branch to an exporter’s bank account for handling foreign-exchange transactions related to exports and imports. In simple terms, it tells Indian Customs and the banking system which… Read More »
How to Protect Export Income from Currency Fluctuations? Risk Management for Indian Exporters Currency exchange rates can change between the time an Indian exporter receives an order and the time the payment is received. A sudden fall in the foreign currency against the Indian Rupee can reduce the exporter’s actual earnings. So, how can exporters… Read More »