Through the use of real life case studies the book uncovers the secrets of success in the international trading business. Actual letters of credit and bank guarantees are reprinted, together with fax correspondence between companies concluding import/export transactions, to give the reader practical experience. For newcomers to international trade the book will serve as a reference guide to Contracts, Incoterms, Export Documentation, and UCPDC 500. For those who are already involved in international trade, reading the book will give a better insight into the structure of complex documentary credit transactions.
Partly a reference book on letters of credit, partly a how-to book filed with trading anecdotes, How to Make Money Without Money brings to life a topic that has never before been shared with the public in this manner. No other book goes into such detail on the subject of how to use transferable letters of credit and assignments of proceeds to make money. Financing techniques known primarily by Chief Financial Officers of multinational corporations are brought together in this book in simple language for anyone to understand.
The book is written from a strictly practical perspective. If you have ever dreamed of making millions in international trade, this book may be the most important purchase of your life.