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Bill of Lading (BL) : Trustworthiness and Authentication
A bill of lading (BOL) is a legal document issued by a carrier (such as a shipping company) to acknowledge receipt of goods for transportation. It serves as a contract between the shipper and the carrier, outlining the terms and conditions of the shipment. While BOLs are generally considered reliable indicators of a genuine shipping …
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BITUMEN
ABOUT BITUMEN Bitumen, also known as asphalt, is a black, sticky, and highly viscous liquid or semi-solid form of petroleum. It is primarily used in the construction industry for paving roads, waterproofing roofs and as a binding agent in concrete. Bitumen is also used in the production of various other products such as adhesives, sealants, …
Letter of Credit (LC) Types
What is a letter of credit? A letter of credit is a financial document issued by a bank or financial institution that guarantees payment to a seller on behalf of the buyer, as long as certain conditions are met. The basic LC procedure An open LC procedure refers to the process of opening a letter …
