Our Purpose
Trade Services Update is the only newsletter and searchable on-line database in the world devoted to the topic of Trade Services.
Our purpose is to share knowledge gained from practical experience. Our Editors are comprised of top professionals from around the globe who handle documentary credits, standby letters of credit, bank guarantees, documentary collections, and surrounding legal issues on a daily basis and feel the pulse of the trading world. By reading the publication you will learn from their experience, case studies and creative problem solving techniques.
To receive the newsletter via e-mail and try the database access FOR FREE all you need to do is sign up.
We hope that you will benefit from our services and will excel at resolving problems before they arise. The newsletter will be sent free bi-monthly to the E-mail you will indicate during sign up.
Inside You Will Find
- L/C World News
- Analysis of current documentary credit issues
- Tips on minimizing the risk of non-payment
- Insight into the structure of complex documentary credit transactions
- Assessment of country & bank risks
- Review of latest documentary credit frauds
- Relevant legal cases and analysis
About Us
L/C Monitor (LCM) is an independent voice of the trade services industry. LCM was first published in 1999 as a legal financial journal covering practical aspects of payment instruments in international trade. In June 2000 LCM acquired ‘LC Update’ from Thompson Publishing Group. In 2008 LCM launched ‘Trade Services Update’ (TSU) the only electronic newsletter devoted to the topic of trade services. In 2009 Editorial boards of LCM and TSU were combined; the journal became fully electronic and free to all registered parties, and a searchable data base of all past and future content was created and made available to paid subscribers.
Sun Tzu said, "For to win one hundred victories in one hundred battles is not the acme of skill. To subdue the enemy without fighting is the acme of skill."
Much skill is required in handling letters of credit and other payment instruments used in international trade. The existing Incoterms, UCP, URC, URDG, ISP, ISBP, publications from ICC provide rules and guidelines but still there are many unanswered questions. When rules are updated new problems arise and clarification and education is required. Now more than ever timely information is needed to succeed and prevent problems before they occur.
GlobalTrade Corporation - Shaping the Future of Trade Services
