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 …
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 Documentary Collection Method – Documents Against Payment involving the Importer (Drawee), Collecting/Presenting Bank, Remitting Bank and Exporter (Principal) Documents Against Payment D/P …
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 ? …
