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.
This video will help you understand the UCP definition of Letter of Credit
Beneficiary means the party in whose favour LC is issued
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