How to Use Letter of Credit for Beginners: A Clear and Confident Guide
Damien / 28 August 2023 / Commodity trading - Trade finance
A letter of credit is a document that guarantees payment to a seller from a buyer's bank. It is a widely used payment method in international trade, especially for transactions between buyers and sellers who do not know each other. For first-time users, understanding how to use a letter of credit can be a daunting task.
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The Difference Between LC and SBLC: A Clear and Neutral Explanation
Damien / 25 August 2023 / Commodity trading - Trade finance
LC and SBLC are two of the most commonly used payment instruments in international trade. LC stands for Letter of Credit, while SBLC stands for Standby Letter of Credit. Although they share some similarities, there are significant differences between the two.
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Track Shipping Container Online: A Comprehensive Guide
Leon / 24 August 2023 / Guide - Shipping
Shipping containers are a common sight, whether on the high seas or on the back of a truck. These large metal boxes are used to transport goods all over the world. However, once they leave the port, it can be difficult to track their location. This is where online tracking comes in.
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How to start a commodity trading company as a side hustle
Damien / 23 August 2023 / Commodity trading - Youtube
Damien, a former commodity trader from Switzerland, launched his first commodity training company at the age of 24 while working a full-time job. In this video, he shares his story of how he found his first supplier, customer, and funding for his company, as well as the mistakes he made that almost bankrupted him and his company in the beginning.
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How to Charter a Tanker: A Guide
Dan Venon / 22 August 2023 / Commodity trading - Energy - Shipping
Chartering a tanker can seem like a daunting task, but with the right knowledge and preparation, it can be a smooth and successful process. Tankers are used to transport large quantities of liquid cargo, such as crude oil, petroleum products, and chemicals. They come in various sizes and types, from small coastal tankers to large ocean-going vessels.
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