IRC and ERC Image

What is IRC and ERC?

What is IRC and ERC? IRC and ERC: Required papers / documents to obtain Import Registration Certificate (IRC) Import Registration Certificate (IRC) and Export Registration Certificate (ERC) are issued by the office of chief controller of Import and Exports (CCI & E) of the government. Intending Imports and Exporters are […]

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bank guarantee

What is bank guarantee?

What is bank guarantee? What is bank guarantee? A guarantee is a promise made by the person/organization (or guarantor) to the Banker that he will pay the present or future debt in case of default by the principal debtor. So the guarantor is undertaking to repay the debt in case […]

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URR images

URR 725

URR 725 URR 725 is the acronym of  Uniform Rules for Bank-to-Bank Reimbursements. UNIFORM RULES FOR BANK-TO-BANK REIMBURSEMENTS APPROVED ON 15-16.04.2008. IN FORCE SINCE 01/10/2008 Table of Contents of URR 725 URR 725 – Article 1 Application of URR URR 725 – Article 2 Definitions URR 725 – Article 3 […]

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Multilateral Investment Guarantee Agency (MIGA)

Multilateral Investment Guarantee Agency (MIGA) Formation 1988 Type Development finance institution Legal status Treaty Purpose Political risk insurance, foreign direct investment Headquarters Washington, D.C. Membership 180 countries Executive Vice President Keiko Honda Parent organization World Bank Group Website The Multilateral Investment Guarantee Agency (MIGA) provides guarantees against losses caused […]

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