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“Opportunities don’t happen. You create them.” – Chris Grosser

02 June 2023

Thanks to the support of CapoFin, the company has been able to sustain and expand its operations, catering to a growing demand for foodstuff across the globe. However, amidst the challenges, one foodstuff trader from Dubai has managed to navigate through the turbulent waters and emerge stronger.

What is a Back to Back Letter of Credit?

11 April 2023

What is a Back to Back Letter of Credit? A Back-to-Back Letter of Credit (BBLC) is a financial instrument used in international trade and commerce, particularly when there are multiple parties involved in a transaction. It involves the issuance of two separate and related letters of credit, one of which serves as the primary LC ..

What is a Transferable Letter of Credit?

05 April 2023

What is a Transferable Letter of Credit? A Transferable Letter of Credit (LC), also known as a Transferable Documentary Credit, is a type of letter of credit commonly used in international trade to facilitate transactions involving multiple parties. It allows the beneficiary (the seller or exporter) of the LC to transfer all or a portion ..

Bill of Lading – What is it and why is it important?

31 March 2023

Bill of Lading – What is it and why is it important? A bill of lading (B/L) is a legal document issued by a carrier or their agent to acknowledge the receipt of cargo for shipment. It serves as both a receipt for the goods and a contract of carriage between the shipper (the person ..

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