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Happy New Year 2018!

All about Supply Chain Management


About 15th Batch of CSCM Hello Friends, We would like to inform all of you that 15th Batch of CSCM will going to start . For which participants should be registered within 10th October, 2013. ISCEA Link address:www.iscea-bangladesh.com About CSCM Course Expenditure: Regular price-$1945 Discounted price-$1545. Course Curriculum: Please see the image for your kind information about the Course Curriculum.

Introduction: In international trade, exports refer to sales of goods and services as they are produced in the home country to export to other markets, which are parts of the global supply Chain. Commercial exports require the involvement of customs authorities by both countries. Amazon, e-bay, DHL etc. internet based companies usually handle comparatively smaller cargo volumes at a time. […]

A letter of credit(LC) is also named a documentary credit(DC) in globalized international trade. In recent times, banks utilize blockchain technology regarding the formulation of letters of credit . The ICC regulates market practices (Documentary Credit 600). These include the advising bank that will give the documentary credit to the beneficiary or their nominated bank and provide their nominated bank with any amendments to the letter of credit. The bank retains a certain percentage of the letter of credit value for security. Blockchain technology is available for the letter of credit procedure and trade finance is related to it. Commerce and international trade finance include products such as issuing letters of credit, indemnifying Bills of Lading, etc. Although the letter of credit was created in the old world, methods managing the shipping of goods and related accommodations. But there is a great potential to supersede these paper processes with digitized operations utilizing blockchain technology. International trade requires a number of participants to interact with one another, i.e., the exporters, importers, banks, shipping companies, port-related entities, and customs. Trade finance in supply chain management(SCM) includes products such as lending, issuing letters of credit, factoring, export credit, and indemnification. Therefore, we can say that letter of credit and blockchain technology both are used in A Supply Chain for running international trade safely.
