ETI Labs Document Controller Interview Questions and Answers for Experienced

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Q1. What is Trade finance operations all about
Ans. 
Trade finance operations involve financing and managing international trade transactions.
• It includes issuing letters of credit, providing export financing, and managing risk.

• Banks and financial institutions are major players in trade finance operations.

• Trade finance operations help facilitate global trade and reduce financial risks for businesses.

• Examples of trade finance instruments include bills of exchange, bank gua
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Q1. Whar is L/c . And how it's work in international trade finance business
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L/C stands for Letter of Credit. It is a financial document used in international trade to ensure payment between buyer and seller.
• L/C is a written commitment from a bank to pay the seller a specified amount of money upon presentation of certain documents.

• It is used to reduce the risk of non-payment for the seller and to ensure that the buyer receives the goods as agreed.

• L/Cs can be either revocable or irrevocable, and...read more
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