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Articles, guides, tips and updates to accelerate business growth in 2023 and beyond

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A letter of credit (LC) is a bank-backed payment guarantee that helps MSMEs trade safely, both in India and abroad. By understanding its meaning, types, compliance needs, and costs, small businesses can reduce payment risks, secure larger orders, and build trust with buyers. For MSMEs, an LC isn’t just paperwork — it’s a tool for cash flow stability and growth.

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Shipping bill is a mandatory document to be submitted by all exporters before loading their goods onto the transport vehicle/vessel. This document provides clearance for export and helps the government keep track of the goods exported and the export duty collected with each international shipment.

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Discover the critical differences between logistics and shipping, their unique roles in the supply chain, and their impact on global trade and business efficiency. Learn how logistics ensures seamless coordination of resources, while shipping focuses on transporting goods. Optimize your operations by understanding how these functions work together for success.

Last updated on: Jan 7, 2025
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