Introduction to Letter of Credit

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Intro to LCs

Basic understanding of how Letter of Credit works

Applicant and Issuing Bank

Get to know the role of applican and issuing bank, in this video

Advising the LC

When a bank advises the LC it is implicitly asserting that the LC is genuine.

LC definitions

This video will help you understand the UCP definition of Letter of Credit

The beneficiary

Beneficiary means the party in whose favour LC is issued

Partial Shipments

Goods can be shipped in variety of ways and counts. Understand what partial shipment is all about.

Documents in LC

Banks deal with documents, specified by the importer and the issuing bank, as needed in the LC

Transferability of BLs

This video deals with the tranferability of the BLs

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22+ minutes