Download our guide here: Security Interests in Personal Property
Author: federation
Negotiating Transaction Terms Templates, Tools, and Guides
The ability to negotiate successfully is crucial for survival in today’s changing business world. Negotiation is fun if you know what you’re doing. So for all you busy execs, here are Ten Tips for Successful Negotiating:
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Templates, Tools, and Guides”
MEANINGS – FINANCIAL INSTRUMENTS EXPLAINED
Download our guide here: MEANINGS – FINANCIAL INSTRUMENTS EXPLAINED
LETTERS OF CREDIT – SANCTIONS CLAUSE VS PAYMENT UNDER UCP
The documentary letter of credit (“LC”) is a key payment method in international trade – not only does it satisfy both the seller’s and the buyer’s conflicting needs, but it also is considered to be relatively risk free. However, the recent surge in financial sanctions and embargoes, and the resulting “sanctions clauses” in LCs trying to meet the issue, is challenging the fundamental nature of an LC.
Continue reading “LETTERS OF CREDIT – SANCTIONS CLAUSE VS PAYMENT UNDER UCP”
Doing Due Diligence
Due diligence is used to investigate and evaluate a business opportunity. The term due diligence describes a general duty to exercise care in any transaction. As such, it spans investigation into all relevant aspects of the past, present, and predictable future of the business of a target company. Due diligence sounds impressive but ultimately it translates into basic commonsense success factors such as “thinking things through” and “doing your homework”.
UCP 600
Download here: UCP 600
Loan Agreement – Letter of Credit Clauses
These Standard Clauses are typical provisions setting out the terms of a letter of credit facility made available to the borrower under a revolving credit loan. These Standard Clauses govern the process for requesting letters of credit and specify the borrower’s obligations to reimburse the letter of credit issuing bank for amounts drawn under the letters of credit. They also set out the obligations of the revolving lenders to participate in outstanding letter of credit obligations if not reimbursed by the borrower. Also included are provisions requiring the borrower to post cash collateral to secure letter of credit obligations under certain circumstances, and provisions regarding letter of credit fees. These Standard Clauses have integrated notes with important explanations and drafting and negotiating tips.
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Loan Agreement – Letter of Credit Clauses
20% of the people who receive our regular letter are from the United States or Canada
Greetings!
If the country profile of our website traffic is an indicator, about 20% of the people who receive our regular letter are from the United States or Canada, and 40% are from the United Kingdom and Europe. The rest of our readers are from everywhere else in the world. We do attempt to be global as well as local. Fortunately, human character and motivation tend to be similar no matter the country or language. And to the best of our knowledge, our readers are all members of the same species.
LETTERS OF CREDIT – SANCTIONS CLAUSE VS PAYMENT UNDER UCP
LETTERS OF CREDIT – SANCTIONS CLAUSE VS PAYMENT UNDER UCP
The documentary letter of credit (“LC”) is a key payment method in international trade – not only does it satisfy both the seller’s and the buyer’s conflicting needs, but it also is considered to be relatively risk free. However, the recent surge in financial sanctions and embargoes, and the resulting “sanctions clauses” in LCs trying to meet the issue, is challenging the fundamental nature of an LC.
Continue reading “LETTERS OF CREDIT – SANCTIONS CLAUSE VS PAYMENT UNDER UCP”
Cutting your dept
1. Find out what you owe
Before you can make any plans, you need to know how much money you owe – and for what. The simple place to start is your credit report, which lists your credit accounts, from loans, cards and mortgages to utilities, mobile phone contracts and catalogue accounts. As well as your repayment history and the amounts you owe, it details applications for new credit accounts, court judgments, IVAs or bankruptcies and other information that lenders use when calculating your credit rating. There’s also a useful list of your lenders, which can act as a quick reminder of accounts you might forget