Alert - What Can Go Wrong with a Letter of Credit

A letter of credit reduces the risk of a non-payment. A letter of credit is a helpful instrument, but it only works when you do everything in the right way. A minor mistake or the wrong timing can destroy all the advantages of a letter of credit.
This video shows what can go wrong and what you can to prevent a financial disaster.

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Please watch: "(7) How strong is Swiss banking secrecy in 2023? Here is the truth? "
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[JacksonHustler]

i think the risk of LC is that when seller ships out the good and the buyer just run away without paying anything

[rodelparate]

Thank you for this video. May I request a video about monetization of hard assets through letter of credit and other ways? I'd really appreciate it.

[junnarido]

Hi. May l ask what is the industry standard in determining the fees for these services