One lesson I learned in the group project was that when you are your group with an above-average number of people problems will arise. In our case, this arrived the form of a group member not working on the project that has been used on them. This was very frustrating to the remaining portion of the group because his shoddy work reflected poorly on the whole group as well as some times I was saddled with rewriting his portion with the project. Having a member not do their share from the work was a novice to be and I had to struggle with the remaining group on the way to approach the problem as Christians.

By working with the same group for the full semester we have got to know each other’s weaknesses and strengths therefore we could appropriately assign tasks to everyone member. The other main point I learned … READ MORE ...

Letters of credit in many cases are the key to success in international transactions. So it’s surprising to determine the number of businessmen and, surprisingly, banks in the United States are unfamiliar or uncomfortable handling letters of credit. There may be an inclination to feel that the United States economy can be so large that one doesn’t require to take into consideration cross-border transactions. But if you’re operational, the second you already know you will find six billion people who would like to purchase and sell stuff, it seems silly never to join the party.

The documentary letter of credit serves one primary purpose: this is a payment mechanism which minimizes the possibility that certain or both sides within an import/export transaction is certain to get scammed.

We occasionally hear from companies who refuse to accept incoming letters of credit from overseas. Sometimes it is because something didn’t go well … READ MORE ...