The Drip Capital Blog
Insights on finance, working capital, and the realities of international trade: exports, imports, shipping, logistics, and customs clearance.
Resource Library
What is Full Container Load (FCL) ? FCL Meaning And Process
Ocean freight can carry enormous loads of cargo over long distances and covers over 90% of all goods transport because it is more reliable.
The US Ex-Im Bank - Meaning, Functions And Types of Services
The US Ex-Im Bank, also known as the EXIM Bank, is the official US credit agency that assists the finance and facilitates export and import in the US.It is driven by the goal of fostering international trade by financing import and export operations.
Trade Credit Insurance (TCI) - Meaning, Coverage, Policy & Types
Trade credit insurance is an exclusive insurance policy designed to protect businesses from non-payment of commercial debt. It is a reimbursement guarantee provided for firms if the buyer fails to pay within the agreed credit period.
Commerce Control List (CCL): Meaning, Item List, and More
The Commerce Control List is a list of items that require an export license from the US Department of Commerce while moving out of the country, as per the Export Administration Regulation (EAR). The list classifies software, commodities, and technologies into 10 categories—each of which is further divided into 5 groups.
What is a Back to Back Letter of Credit (LC) in Import-Export
When a transaction takes place between a buyer and a seller keeping an intermediary in the loop, the type of LC used in such cases is known as 'Back to Back letter of credit'. In this article get a complete understanding of what is a Back to Back LC, how it works with an example, its format, terms & conditions and associated risks.
Documentary Collection Process In International Trade
Documentary collection is a type of trade financing in which an exporter receives payment for his goods from an importer after the financial institutions of the parties involved exchange the relevant documentation.
Continuous Customs Bond For Imports - Application, Renewal & Cost
A continuous customs bond covers all the shipments that are imported within one year after the purchase of the bond. The bond can be renewed upon expiry to ensure continuity.
What is Freight Forwarding & What Does a Freight Forwarder Do
A freight forwarder is an important link in the chain of international trade. In simple terms, a freight forwarder is an agent responsible for the movement of goods on behalf of the cargo owner. This responsibility can start from the time the goods are picked up from the seller until they are delivered at the buyer’s specified location.