International Trade

February 2, 2025

Letters of Credit (LC) in International Trade: A Complete Guide

Introduction Engaging in international trade can be exciting, but it also comes with financial risks—payment defaults, currency fluctuations, and unfamiliar business partners. So how can companies […]
December 17, 2024

What is Bank Payment Undertaking (BPU)? Benefits, Process, and Case Study

Bank Payment Undertaking (BPU) is a formal, irrevocable commitment made by a bank to pay a specified amount to a seller (beneficiary) on behalf of a buyer, […]