Category: Letter of Credit

What is Letter of Credit ? A Letter of Credit is a payment method whereby the Buyer and Seller rely upon the banks to ensure that payment is received …

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This video explains the workflow of a Documentary Collection Method – Documents Against Acceptance involving the Importer (Drawee), Collecting/Presenting Bank, Remitting Bank and Exporter (Principal). Summary of How Documents …

This video outlines the workflow of a Sight Letter of Credit which involves the Importer (Applicant), Issuing Bank, Advising Bank and Exporter (Beneficiary) Documentary Credit also known as Letter …

This video talks about the 4 Methods of Payment used in International Trade which are Open Account, Advance Payment, Documentary Collection & Documentary Credit. What is International Trade ? …