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PROJECT TOPIC: THE IMPORTANCE OF DOCUMENTRY CREDIT OPERATION BY BANKS (A CASE STUDY OF OCEANIC BANK INTERNATIONAL PLC UGHELLI)

Project Body:


CHAPTER ONE

1.1      INTRODUCTION

Man’s quest for knowledge and adventured have brought the different part of the world in contact with each other despite the delivery of climates and terrain of the earth. the knowledge acquired by man through contact brought with it the demand for commodities not available in ones home area dependence on each other by the people of the world is the ultimate effect of the knowledge obtained by man through contact. This interdependence has best been evidence by the fact that the world’s economy hinges on international trade. Mode of trade has progressed from the fact the barter practical methods being employed at present, which depends on bank for their successful operations.


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