Export Letter of Credit (Advising, Confirmation, Negotiation, and Discounting) A Letter of Credit (LC) is a promise made by the LC issuing bank / on behalf of the importer (buyer) to pay for goods upon presentation of verifiable evidence of shipment in strict accordance with the LC's terms and conditions.
One of the primary parties engaged in a Letter of Credit is the negotiating bank. The negotiating bank is the one in charge of negotiating paperwork provided to the bank by the LC beneficiary. To avoid errors, the negotiating bank verifies documents and confirms the terms and conditions of the LC on behalf of the recipient.
A line of credit is a type of finance that Exim Bank uses to help companies export projects, equipment, goods, and services from India.
An Import Letter of Credit is a financial document issued by a bank that indicates the bank's promise on behalf of an importer to make payment to the exporter if the terms and conditions mentioned in the Letter of Credit are met.
Simply said, export bill discounting with banks occurs for shipments that do not require a Letter of Credit. When shipments are made on a letter of credit basis, the term "export bill negotiation" is used.
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This is just awesome course. I gained so much knowledge about Import-Export Business by learning this course.
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Detailed course 👍🏻
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great content. make new updated course please
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Raj kalariya
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The course content is excellent, attractive, and understandable. If there is a detailed PDF of the course content, then it will be very helpful for viewers to revise the content.
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Abhishek Bharti
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The course offers comprehensive content on the export-import process, including documentation, regulations, and logistics. The instructor is experienced, sharing practical insights alongside theory. Hands-on assignments add value, though more real-world projects could enhance learning. The certification is well-recognized, adding credibility to a resume. While resources and flexibility are strong, student support could be faster. Overall, it provides excellent value for those seeking to advance in international trade.
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prabhat sharma
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how many companies of import and export are hiring ? please provide the list and is it possible to start it without office as an individual ?
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