Learn how a transferable letter of credit enables a primary beneficiary to transfer credit to others, securing payments for suppliers, and facilitating smoother international trade.

A letter of transmittal is a formal document often used in business and professional communication to introduce or accompany another document, such as a report, proposal, or contract. Writing an ...

Learn how irrevocable letters of credit (ILOC) secure payments in international trade, explore their uses, types, and benefits for involved parties.

Forbes contributors publish independent expert analyses and insights. Mark Travers writes about the world of psychology. The act of writing letters may be written off as obsolete, but the power of the ...