I think Mr. T.O. Lee has dot the "i"s and crossed the "t"s. Many bankers are far away from the ongoing development in shipping industry. Recently while delivering a training course on incoterms 2000 one banker requested me to shed more light on how best we can "convince cust...

A senior banker made a statement while delivering a training course on trade finance that "if the letter of credit is advised to a correspondent bank (advising bank) who in turn is instructed to route the L/C to the beneficiary through another bank (advise through bank)then this final bank is j...