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Subrat SaurabhAuthor of Kuch Woh PalRupnarayan Bose was with the State Bank of India for the major part of his professional career. Later, he served as the managing director of Fina Bank Ltd., Nairobi (Kenya), and also of TransAfrica Bank Ltd., Kampala (Uganda), before returning to India to pursue his interests in academics. Presently, his areas of interest are in trade finance, export-import trade rules and procedure and the rules of the International Chamber of Commerce (ICC), Paris. He has authored several books on international trade, four of his recent ones being Letters of Credit: Theory and Practice, Beyond Trade Finance.Read More...
Rupnarayan Bose was with the State Bank of India for the major part of his professional career. Later, he served as the managing director of Fina Bank Ltd., Nairobi (Kenya), and also of TransAfrica Bank Ltd., Kampala (Uganda), before returning to India to pursue his interests in academics.
Presently, his areas of interest are in trade finance, export-import trade rules and procedure and the rules of the International Chamber of Commerce (ICC), Paris. He has authored several books on international trade, four of his recent ones being Letters of Credit: Theory and Practice, Beyond Trade Finance. Two books published in 2022 are Understanding Trade finance through Q&A, Case Studies and The ABCs of Container Shipment . All the books have received worldwide acclaim.
A large number of his articles on international trade and other topics have been published in reputed journals in India and abroad. He delivers lectures on settlement risk management, documentary credits, the Incoterms rules, guarantees, exchange risk management, etc. at various forums in India and overseas.
He is a visiting faculty at the Indian Institute of Foreign Trade and is a member of the Board of Studies at NSOU, Govt. of W.B. He is fully engaged in his passions for writing, sharing his knowledge of trade finance as a faculty and trainer, and in travelling.
Read Less...Achievements
About the book
For the uninitiated, the world of container shipment could be described as ‘a jungle out there’.
The difference between a seaport and dry port; between a berth, quay, pier or jetty; a CFS from a CY; between dwell time and lay time; or between demurrage and detention – could confuse many.
There is a need to understand the precise meaning of terms such as LCL, FCL, CFS, CY, FIOS, CY/CY,
About the book
For the uninitiated, the world of container shipment could be described as ‘a jungle out there’.
The difference between a seaport and dry port; between a berth, quay, pier or jetty; a CFS from a CY; between dwell time and lay time; or between demurrage and detention – could confuse many.
There is a need to understand the precise meaning of terms such as LCL, FCL, CFS, CY, FIOS, CY/CY, CFS/CFS, the liner terms and many more. Throw in the Incoterms 2020 rules and the rules of ‘delivery’ under container shipment, and you have quite a heady mix to deal with.
This book is an attempt to present the world of container shipment as simply as possible.
About the book
For the uninitiated, the world of container shipment could be described as ‘a jungle out there’.
The difference between a seaport and dry port; between a berth, quay, pier or jetty; a CFS from a CY; between dwell time and lay time; or between demurrage and detention – could confuse many.
There is a need to understand the precise meaning of terms such as LCL, FCL, CFS, CY, FIOS, CY/CY,
About the book
For the uninitiated, the world of container shipment could be described as ‘a jungle out there’.
The difference between a seaport and dry port; between a berth, quay, pier or jetty; a CFS from a CY; between dwell time and lay time; or between demurrage and detention – could confuse many.
There is a need to understand the precise meaning of terms such as LCL, FCL, CFS, CY, FIOS, CY/CY, CFS/CFS, the liner terms and many more. Throw in the Incoterms 2020 rules and the rules of ‘delivery’ under container shipment, and you have quite a heady mix to deal with.
This book is an attempt to present the world of container shipment as simply as possible.
Letters of Credit: Theory and Practice explains in simple English all the important information you’ll ever need on letters of credit (LC). This book provides extensive, easy-to-understand, practical and useful suggestions to help during negotiations, in selecting the right terms of payment, improving operations, reducing errors and risks, facilitating trade and final settlement, and much more.
It is extensively researched, delving deep into the s
Letters of Credit: Theory and Practice explains in simple English all the important information you’ll ever need on letters of credit (LC). This book provides extensive, easy-to-understand, practical and useful suggestions to help during negotiations, in selecting the right terms of payment, improving operations, reducing errors and risks, facilitating trade and final settlement, and much more.
It is extensively researched, delving deep into the subject of international trade, presenting current issues and solutions related to LCs that the reader may not otherwise come across easily.
A gold mine of information on payment risk management, it’s the last word on documentary credits.
“This book is a great read for knowledge and practical information on letters of credit. It succinctly takes the reader through the concepts of risk management, explains the fundamentals of global trade finance issues, the dilemmas plaguing international sellers and buyers, and standardised ways for the buyer and the seller to secure goods and make payments, respectively. This is a must-read book for academicians, exporters, importers and bankers looking for complete, authentic information on international trade finance and global business.”
- Dr. Deepankar Sinha, Professor; Head - Research Division, Kolkata Campus; Programme Director - Centre for Trade and Logistics (CFTL), Kolkata Campus, Indian Institute of Foreign Trade (IIFT)
This book is a snapshot of the author's time in East Africa - a collection of stories gleaned from his brief stay around the time leading up to, and a little beyond Y2K.
On his return, quite a few had questions about different aspects of Africa, and this book outlines some of his experience. Intended as a blast from the past, it paints a picture as it appeared at that point in time to this author.
If you plan to go on any assignment or simply t
This book is a snapshot of the author's time in East Africa - a collection of stories gleaned from his brief stay around the time leading up to, and a little beyond Y2K.
On his return, quite a few had questions about different aspects of Africa, and this book outlines some of his experience. Intended as a blast from the past, it paints a picture as it appeared at that point in time to this author.
If you plan to go on any assignment or simply to enjoy the unique, abundant beauty and charm that Africa has on offer, be sure to obtain the latest information from appropriate sources.
Otherwise, enjoy the book. If it inspires you to follow through with a visit to the continent and love nature, rest assured, you will not be disappointed.
This book is a snapshot of the author's time in East Africa - a collection of stories gleaned from his brief stay around the time leading up to, and a little beyond Y2K.
On his return, quite a few had questions about different aspects of Africa, and this book outlines some of his experience. Intended as a blast from the past, it paints a picture as it appeared at that point in time to this author.
If you plan to go on any assignment or simply t
This book is a snapshot of the author's time in East Africa - a collection of stories gleaned from his brief stay around the time leading up to, and a little beyond Y2K.
On his return, quite a few had questions about different aspects of Africa, and this book outlines some of his experience. Intended as a blast from the past, it paints a picture as it appeared at that point in time to this author.
If you plan to go on any assignment or simply to enjoy the unique, abundant beauty and charm that Africa has on offer, be sure to obtain the latest information from appropriate sources.
Otherwise, enjoy the book. If it inspires you to follow through with a visit to the continent and love nature, rest assured, you will not be disappointed.
About the book
As a trade finance professional handling documentary credits, you rely heavily on the ICC (Paris) publication UCP 600. But do you know how it came to be? All About UCP 600 traces the critical stages of the drafting process of the UCP. It examines the major issues that eventually shaped the UCP as we know it today. This book presents:
Ø Comparative analysis and critical review of all the articles of both
About the book
As a trade finance professional handling documentary credits, you rely heavily on the ICC (Paris) publication UCP 600. But do you know how it came to be? All About UCP 600 traces the critical stages of the drafting process of the UCP. It examines the major issues that eventually shaped the UCP as we know it today. This book presents:
Ø Comparative analysis and critical review of all the articles of both UCP 500 and 600, supplemented by additional remarks, explanations and clarifications on areas of interest.
Ø An insight into the review process, including the issues debated and discussed, the considerations and the problems taken up and resolved by the ICC Drafting Group.
This book is a product of extensive research and an exhaustive study of the UCP and related ICC rules, and is the only one of its kind published in India. Those who love the UCP will find the story of the evolution of the UCP intriguing, exciting and above all - informative.
If you think that you know everything that you need to know about trade finance and the rules that guide them, then this book may come as a pleasant surprise to some of you.
Before reading this book, it would have been difficult to imagine the varied issues that comprise the world of documentary credit and trade finance. The problems and their solutions will bring home the realisation that mere reading of the rules is not enough. Learning translates t
If you think that you know everything that you need to know about trade finance and the rules that guide them, then this book may come as a pleasant surprise to some of you.
Before reading this book, it would have been difficult to imagine the varied issues that comprise the world of documentary credit and trade finance. The problems and their solutions will bring home the realisation that mere reading of the rules is not enough. Learning translates to knowledge only when it helps resolve practical issues.
This book is a collection of questions on international trade, trade finance, the ICC (Paris) UCP, ISBP, ISP98 and the Incoterms 2020 rules. It also includes questions on exchange rate mechanism, foreign exchange operations and cargo insurance. The exercises are by way of objective, multi-choice questions (MCQs), descriptive questions and case studies. All the questions have been carefully selected with the sole purpose of further improving our understanding and practical application of these rules.
So, go ahead and find out how many doors this book opens for you. Have fun and learn!
If you think that the rules of the International Chamber of Commerce (ICC), Paris on trade finance and documentary credits have no surprises left for you, then read this book very carefully from cover to cover. Whether you are a trade finance veteran or a recent entrant, the articles in this book will provide you with a few unconventional and unusual perspectives about the UCP and the ISBP rules.
The book discusses selected provisions of UCP 600, and al
If you think that the rules of the International Chamber of Commerce (ICC), Paris on trade finance and documentary credits have no surprises left for you, then read this book very carefully from cover to cover. Whether you are a trade finance veteran or a recent entrant, the articles in this book will provide you with a few unconventional and unusual perspectives about the UCP and the ISBP rules.
The book discusses selected provisions of UCP 600, and also raises several pertinent questions. For example, does the SWIFT MT700 really provide for an expiry date? Is article 15 necessary? Why shouldn’t UCP sub-article 16(f) apply to a nominated bank? Did you know that UCP article 10 on amendments has a huge logical error? Why are some critical rules missing in the UCP (they are only in the ISBP)? Are you aware that sub-articles 14(g), and 14(h) on non-documentary conditions, are both incorrectly structured? Which ICC ‘rules’ apply if a presentation contains only copies of transport documents? Must a B/L or a MMTD show a date of issue? What is ‘negotiation’? Why is the place where a credit is available of critical importance to an exporter/beneficiary?
Go ahead and read the book. It will provide you with plenty of food for thought, a deeper understanding of the rules of trade finance, and value for money.
Letters of Credit: Theory and Practice explains in simple English all the important information you’ll ever need on letters of credit (LC). This book provides extensive, easy-to-understand, practical and useful suggestions to help during negotiations, in selecting the right terms of payment, improving operations, reducing errors and risks, facilitating trade and final settlement, and much more.
It is extensively researched, delving deep into the s
Letters of Credit: Theory and Practice explains in simple English all the important information you’ll ever need on letters of credit (LC). This book provides extensive, easy-to-understand, practical and useful suggestions to help during negotiations, in selecting the right terms of payment, improving operations, reducing errors and risks, facilitating trade and final settlement, and much more.
It is extensively researched, delving deep into the subject of international trade, presenting current issues and solutions related to LCs that the reader may not otherwise come across easily.
A gold mine of information on payment risk management, it’s the last word on documentary credits.
“This book is a great read for knowledge and practical information on letters of credit. It succinctly takes the reader through the concepts of risk management, explains the fundamentals of global trade finance issues, the dilemmas plaguing international sellers and buyers, and standardised ways for the buyer and the seller to secure goods and make payments, respectively. This is a must-read book for academicians, exporters, importers and bankers looking for complete, authentic information on international trade finance and global business.”
- Dr. Deepankar Sinha, Professor; Head - Research Division, Kolkata Campus; Programme Director - Centre for Trade and Logistics (CFTL), Kolkata Campus, Indian Institute of Foreign Trade (IIFT)
Episode #4: Chatterbox unlimited I was on my way to Pune. The flight from Calcutta took more than three hours, with one stop in between at Ahmedabad. I always carry with me more than enough reading material whenever I travel. By way of preparation for this flight, I had picked up three newspapers f Read More...
Episode: 3 Place: Departure lounge, domestic airport, Bombay Time: Late afternoon on a Sunday in May 2007 My flight to Calcutta was due to be called after an hour and a half. I had nothing else to do but wait. I picked up several financial and news dailies that were usually placed in the departure Read More...
Episode: 2 Place: The chamber of a senior officer belonging to the WBCS (West Bengal Civil Service), India Time: Mid-morning on a weekday The person I was calling on was the head of the tourism department of the Government of West Bengal. I had gone there to meet him at his office. I had sought prio Read More...
Episode: 1 Place: A major road junction in Calcutta Time: Mid morning on a weekday I am on my way to deliver a lecture. The venue is the training college of a very prominent Calcutta-based bank. I get off the underground Metro rail, climb up the stairs into bright sunshine, and move towards the lin Read More...
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