Trade words
LC, also called a documentary credit
A bank's promise, made for the buyer, to pay the seller once the seller presents documents that meet the credit's terms. Most are issued under the International Chamber of Commerce's UCP 600 rules.
Lesson 64 min readFinding your first buyers abroadChoose markets from trade figures, find importers in customs records, meet buyers at fairs and through your council, and check a buyer before you ship.
Lesson 125 min readShipping bill and Let Export OrderHow you declare an export on ICEGATE, how customs clears it, and how the same shipping bill reaches your bank and your export incentives.
Lesson 185 min readInvoice, packing list, bill of lading and air waybillWhat each shipping document says, why they must all agree, and the bill of lading choices that decide when the buyer gets the goods.
Lesson 205 min readGetting paid: advance, LC, DA and DPThe main ways an exporter gets paid, the risk each puts on you and your buyer, how documents move through banks, and how to check a buyer.
Lesson 216 min readRBI's payment rules and deadlines (FEMA 2026)RBI's export and import payment rules from 1 October 2026: declaring exports, the deadline to be paid, extensions, set-off and paying for imports.Trade Academy is education, not legal, tax or customs advice. Rules and rates change by notification: check the live source, or ask a licensed customs broker, before you act.