Mistakes in Export Documentation: How They Affect Buyer Payments and Government Benefits in India A small error in an export document can create a big problem. A mismatch in the invoice number, shipping bill, product details, quantity, value, GSTIN or bank account may delay payment from the overseas buyer. It can also hold up an… Read More »
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 »
Proforma Invoice vs Purchase Order vs Commercial Invoice: Differences, Importance and When to Use Each In international trade, Proforma Invoice, Purchase Order (PO), and Commercial Invoice are three important documents used at different stages of a transaction. Although they may contain similar details, each serves a different purpose. Understanding the difference helps exporters and importers… Read More »