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Understanding Letters of Credit

http://spawaterway.com/index.php?option=com_user Letters of Credit – Are they really the life blood of international commerce? n international trade where buyers and sellers are located in different countries, there is little comfort about the credit worthiness and business standing of the parties. To overcome this, remove the risk of insolvency of the buyer and provide a degree of…

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Explanatory notes on Joint Ventures, Design and Build and Partnering contracts.

Explanatory notes on Joint Ventures, Design and Build and Partnering Contracts. Joint Ventures: A joint venture is a general partnership typically formed to undertake a particular business transaction or project and is intended to exist for a limited time period. Typically, a joint venture is created with a specific project in mind and generally dissolves once…

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