Letter of Credit (L/C) Process! Explained L/C transaction process with Flow Chart.

No.1 International Trade & Logistics E-Learning

Letter of Credit(L/C) is one of the most important transaction method for global business. It's very important to understand the L/C transaction process. In this video, I explained each process with animation and flow chart.

00:00
00:11 What is L/C?
00:31 First time deal risk
01:15 Advantage for exporters
01:45 Advantage for importers
02:11 Key Bank role
02:57 L/C transaction process
06:16 L/C process with flow chart
07:22 Summary

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★Logistics Manual for Beginners★
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【Profile】
Shinya Iino

15 years experience in business development in Asia and South East Asia. Marketing and Sales specialist in especially Logistics field.

Over 5,000 TEU Monthly volume for export and import in our Group company in Thailand.

・Established Forwarding Company in Thailand.
・Achieved THB 7.5 million ordinary income in the first year.
・Management and Training Thai staffs with Japanese hospitality style.
・Strong communication skill with Japanese, English and Thai language.
・Succeed in expanding our business to the total logistics provider.

[sam]

This is so easy to understand, thank you so much for your immerse efforts

[keziamcdaniel]

Thank you for the video. After all the reading, this is way better

[jathebest]

Very well explained..your animation and concise explanation are top-notch👍 I enjoyed watching it from Korea, thanks!

[fajarhavianto]

very nice information for me that start to study export

[vincentong]

Very interesting way of explaining LC, clear and easy to understand. Thank you so much. I needed it so much.

[ourfamily]

Thank you for sharing, to help others is to help yourself.

[balank]

Very good information. Thanks for sharing

[komichael]

A well-made, informative video thank you much. One quick question, when do importer bank make the payment to exporter bank? Is it when they (importer bank) receive documentary bill includibg B/L from exporter bank?

[abshi]

Thank you for your simplified quick explanation of LC. I have a question ; who is responsible to check whether the goods meet the required specifications or not? And is that being done before shipping or after reaching the importer's country?

[thavytheng]

Thanks so much for your video and explanation.

[psmanes]

Very easy-understand illustration I never seen before .... like it a lot Thank you

[danieldaniel]

Very interesting and easy to understand

[mohamedshiraz]

Very informative and straightforward approach. Btw i am from Malaysia and i am sorry that you got cheated by a malaysian company.

[bhanupratapsingh]

it is so helpful fr us
keep going we will support you

[logisticsyoutuberiinosan]

If you want to learn this content more clearly, please check this link.

[andysetiawan]

Thank you so much..
I Love this video 😀👍👍

[wenxingboon]

Thank you, very well explained.

Just a quick question. As you said in your previous video that vessel delay is pretty normal. Due to port congestions or what not, shipping line vessel delay and the information (eg. ETA/ETD of vessel from port of load) in the L/C will have some discrepancy.

What will happen then?