Category: Best Practices

 Exploring the types of DLCs and SBLCs, how they function in commodity trading deals, and why they are indispensable in ensuring smooth and secure transactions. 1. Documentary Letter of Credit (DLC) A Documentary Letter of Credit (DLC) is a common tool in international commodity trading, often used to mitigate risks for both buyers and sellers.…

In commodity trading, adhering to the seller’s established working procedures is essential for a smooth, secure, and successful transaction. These procedures are designed to protect both the buyer and seller, ensuring clarity and trust throughout the deal. Here’s why following the seller’s process is crucial: 1. Ensures Transparency: The seller’s working procedure typically includes detailed…

When selecting a supplier in commodity trade, buyers should be cautious and consider several key factors: 1. Supplier Reputation: Research the supplier’s track record and reviews. A reputable supplier with a history of successful deals is less likely to pose risks. 2. Compliance and Documentation: Ensure the supplier meets all necessary legal and regulatory requirements.…