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Electronic Trade and Electronic Presentation of Export Documents in Documentary Credits

Electronic Trade and Electronic Presentation of Export Documents in Documentary Credits
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Author(s): Yurdagül Meral (İstanbul Medipol University, Turkey)
Copyright: 2020
Pages: 16
Source title: Tools and Techniques for Implementing International E-Trading Tactics for Competitive Advantage
Source Author(s)/Editor(s): Yurdagül Meral (İstanbul Medipol University, Turkey)
DOI: 10.4018/978-1-7998-0035-4.ch007

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Abstract

Documentation plays a very important role in international trade. Information technology has changed practises in international trade as well. In this chapter, international rules of electronic presentation of documents under documentary credit are defined to guide importers and exporters. This will enable them to speed up transactions to conduct their business as per these rules. Paperback presentation and electronic presentation international rules differences are explained. Electronic presentation will help import export management to facilitate transactions which will increase international trade volume. It is recommended that electronic presentation will help them to speed up their transactions. In the long run, electronic presentation will be cheaper compared to paper presentation and much safer.

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