Standard Corporation India Senior Officer Interview Questions, Process, and Tips for Freshers

Sanctions are penalties or restrictions imposed on a country, organization, or individual to enforce international law or norms.

• Sanctions are used to discourage certain behavior or enforce compliance with international laws or agreements.

• They can include trade restrictions, financial penalties, travel bans, and arms embargoes.

• Sanctions are often imposed by international organizations like the United Nations or individu...read more

MT103 is a SWIFT message type used for wire transfers, while MT202COV is used for cover payments.

• MT103 is used for customer credit transfers, while MT202COV is used for financial institution transfers.

• MT103 contains details of the sender, receiver, and the amount to be transferred.

• MT202COV is used when an intermediary bank is involved in the transfer.

• Both messages are part of the SWIFT network for secure financial comm

Charter party bills of lading can be identified by examining the terms and conditions of the bill of lading.

• Check for specific language indicating that the bill of lading is subject to a charter party agreement.

• Look for references to the charter party terms, such as the name of the charterer or vessel.

• Compare the terms of the bill of lading with the terms of the charter party agreement to identify any discrepancies or ...read more

MT750 is a type of SWIFT message used in international trade finance for the issuance of a documentary credit.

• MT750 is used for the issuance of a documentary credit in international trade finance.

• It is sent via the SWIFT network to notify the beneficiary of the credit terms.

• MT750 contains details such as the amount, expiry date, and conditions of the credit.

• It is commonly used in import/export transactions to provide p