WHY LAKAY BUSINESS IS THE LEADER IN SUGAR TRADING IN BRAZIL
Brazil is one of the largest producers and exporters of sugar in the world, with a market that demands excellence and efficiency in the trading industry. In this highly competitive market, LAKAY BUSINESS has established itself as the leader in the sugar trading business in Brazil, with a proven track record of success and a […]
LAKAY BUSINESS: YOUR MULTINATIONAL PARTNER IN GLOBAL TRADE
We are a reference in the international market. In today’s global economy, companies must adapt to the constantly evolving landscape of international trade. To succeed, it is crucial to have a partner who understands the intricacies of each market and can navigate the complexities of cross-border transactions. This is where LAKAY BUSINESS comes in, as […]
WHAT IS A DOCUMENTARY LETTER OF CREDIT?
A Documentary Letter of Credit (DLC) is an essential financial instrument in international trade that provides a guarantee of payment between buyers and sellers. This article will explore the intricacies of a DLC, its various uses and benefits, and the process involved in obtaining one. Introduction to Documentary Letters of Credit A Documentary Letter of […]
WHAT IS A DOCUMENTARY LETTER OF CREDIT ? (Part 2)
FOR THE BENEFICIARY (THE SELLER/EXPORTER)Payment is guaranteed as long as you comply with the terms and conditions of the documentary letter of credit.You are protected against the inability to pay or bankruptcy of the buyer. The issuing bank assumes credit risk when issuing the DLC.Reduce the collection time of accounts receivable as the DLC speeds […]
SUGAR IN BRAZIL: EVERYTHING YOU NEED TO KNOW
It is believed that Pedro Capico brought the first sugar cane plants to Brazil, although the exact date is uncertain. The earliest evidence of the presence of sugar cane in the land is given by the records of the Lisbon Custom House, which show the collection of duties on sugar coming from Brazil in 1526 […]
WHAT IS A STANDBY LETTER OF CREDIT (SBLC)?
A Standby Letter of Credit (SBLC) is a financial instrument that serves as a secondary payment method, issued by a bank on behalf of a buyer, to guarantee that the seller will receive payment in the event that the buyer is unable to make payment. SBLCs are primarily used in international trade transactions but can […]
