Topic

Letters of credit

2 articles

What Is TT Payment in Shipping? Explained With Examples

A TT payment in shipping is a telegraphic transfer: a bank-to-bank wire that moves money without any bank promise to pay. This guide covers the steps, OUR, SHA and BEN charges, timelines, documents, Bangladesh EXP rules, and a pre-payment checklist.

By Nourin Tabassum23 October 202611 min read

Buyer GuidesGuide

LC Payment Meaning: Complete Guide

LC payment means the buyer's bank undertakes to pay the seller against documents that comply with the credit. This guide covers the parties, the eight steps, documents, Bangladesh rules, and the mistakes that delay payment.

By Naim Islam23 October 202611 min read