Letter of Credit(LC) का सब कुछ आसान भाषा में समझिये

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  • Опубликовано: 23 дек 2024

Комментарии • 1,5 тыс.

  • @AssetYogi
    @AssetYogi  Год назад +6

    Sign-up to our new app for discounts and early access:
    ✔ assetyogi.com/sign-up/

  • @ARS37
    @ARS37 5 лет назад +16

    My banking law paper is day after tomorrow and watching your videos..thank you so much..you're a saviour!!!😊

  • @Shamshu150
    @Shamshu150 4 года назад +39

    Mukul, thank you very much for lectures, you have a very clear understanding of the fundamentals and the needs of the learners. Because of which the flow of your lectures progress at a very peaceful and smooth progression. After listening to you there remain no unanswered questions provided we apply our mind to your problems,I like the closing salutations you are so full of positive energy.

    • @sudevthapa8409
      @sudevthapa8409 3 года назад

      I will come and

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      @zaneturner6495 3 года назад +1

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      @cyrusgrayson7457 3 года назад

      @Zane Turner instablaster =)

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      @zaneturner6495 3 года назад +1

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  • @richasingh8007
    @richasingh8007 5 лет назад +19

    Very precisely explained. Keep uploading such videos. These are really very helpful to understand such twisted concepts. Thank you sir.

  • @hardasbheel684
    @hardasbheel684 День назад

    Sir bhi export import business start krne vala hu apne lc bhut achse se samjhaya aj kyuki melc me hi deal krunga hamesha safe and secure 🙏🙏🙏

  • @ankitsomani8416
    @ankitsomani8416 6 лет назад +7

    Dear Sir,
    This is an excellent video I have found on LC. I request you to kindly provide videos in following topics:-
    PO finance
    PCFC- pecking credit - Foreign currency
    Vendor discounting

  • @ashugupta7115
    @ashugupta7115 4 года назад +2

    No one can explain in this way
    Easy to understand to anyone...
    Salute

    • @AssetYogi
      @AssetYogi  4 года назад

      Keep learning Ashu 😊

  • @hirvamehta2264
    @hirvamehta2264 5 лет назад +3

    So clear and even small point also covered.. Wonderful guidance.. Thank you

  • @sandeeprocks91
    @sandeeprocks91 5 лет назад +13

    Ur video is useful for jaiib ,caiib and banking related exam also

  • @rathankumar6029
    @rathankumar6029 5 лет назад +4

    Awesome..Best lecture on LoC so far😍

  • @itz_tanisha3489
    @itz_tanisha3489 2 года назад +1

    Yaarrrrrrrrr......itna acha koi kese samja sakta hai 😳😳🙏
    .
    .
    .
    .
    Thank you so much sir 😭❤️🙏

    • @AssetYogi
      @AssetYogi  2 года назад

      Most welcome Tanisha.

  • @taritmukherjee1754
    @taritmukherjee1754 5 лет назад +8

    Crystal clear explanation. Thank you sir.

  • @bindusharma3130
    @bindusharma3130 5 лет назад +1

    Thank you so much ur videos finally help me to clear all the concept regarding LOC without studying from books...tq

  • @vinnuvarun5836
    @vinnuvarun5836 2 года назад +7

    Nthng to say..👌👌
    His teaching skills r amazing..
    Tq

    • @AssetYogi
      @AssetYogi  2 года назад +1

      Keep learning

    • @bhushanlalsharma2268
      @bhushanlalsharma2268 Год назад

      @@AssetYogi next video please please continue it sep by step to improve knowledge and take srtong step to build a raputed business ok thanks sir.

  • @gracefulheart7910
    @gracefulheart7910 5 лет назад +2

    Maa sha ALLAH sir, aap ne bohot acche se samjhaya hai.
    May ALLAH bless you.

  • @mihirbhagwat4973
    @mihirbhagwat4973 6 лет назад +3

    Absolutely brilliant. Explained everything in such a simple way. Kudos sir

  • @Urdudocumentary108
    @Urdudocumentary108 4 года назад +1

    Perfectly Explained ! Hatsoff ! 👍🏻

  • @gauravgupta23
    @gauravgupta23 6 лет назад +4

    Very very informative and step by step explanation. Thank you Mukul. Asset Yogi for your such a wonderful content.

    • @AssetYogi
      @AssetYogi  6 лет назад

      😊 Thank you for your kind words and support.

  • @mnsnaumanshafique7752
    @mnsnaumanshafique7752 4 года назад +2

    Wow...when I saw your video in your early days....you had only some thousand of subscribers...but after some months today now I saw...u reached more than million...congrats for that...keep up the good work 👍👍

  • @Greenhorn88
    @Greenhorn88 6 лет назад +8

    Thanks for the upload. However, from my experience, I'd like to argue a point at 12:29. You mentioned that buyer gets a small credit at the beginning of opening the L/C. However, when my company opened an L/C, our bank (UBS) always held the funds immediately after L/C was drafted and confirmed for the duration of the L/C period. At this point, goods weren't shipped by the seller.

  • @chiamunir8843
    @chiamunir8843 6 лет назад

    Ur very expert and good teacher. Ucp 600 articles and urr 500 articles please explain too in hindi.. I always see your all videos and learning a lot

  • @MsAchu21
    @MsAchu21 5 лет назад +6

    Al vedios are excellent .so I'm not mentioning any particular one here..keep going

  • @saidivyatavabawa7815
    @saidivyatavabawa7815 5 лет назад +2

    Thanks so much. I'm studying business management & your video helped me understand about this export import related topic. Please consider incoterms in next vid

  • @ihsanalibaig1366
    @ihsanalibaig1366 5 лет назад +5

    You are just awesome, really helpful for new importers like me.

  • @mularam2028
    @mularam2028 5 месяцев назад

    wow, no body has explained me so simply.....you are superb

  • @thejibrailkhan
    @thejibrailkhan 4 года назад +3

    Thank you very much for making this video. It has cleared my doubt

    • @AssetYogi
      @AssetYogi  4 года назад

      Glad to hear that 😊

  • @madhav.vignesh
    @madhav.vignesh 4 года назад +2

    Crystal clear explanation.
    Thank you Bhai....

    • @AssetYogi
      @AssetYogi  4 года назад

      I hope this will be useful Madhavan :)

  • @sunflowr1985
    @sunflowr1985 5 лет назад +4

    You can also elaborate about UCP600 and the different clauses

  • @anasbeig2399
    @anasbeig2399 6 лет назад +1

    apka video chart wise bna te ho acha help hota hai thnx for ur support bhai ji

    • @AssetYogi
      @AssetYogi  6 лет назад

      Glad that you found the video helpful. 😊

  • @cbcb9191
    @cbcb9191 4 года назад +4

    Sir, it's a well explained video on LC. I would like to know that who is reponsible to share shipping information like AWB, Flight detail, date, etc to buyer

    • @dhruvbrahmbhatt4085
      @dhruvbrahmbhatt4085 Год назад

      they will send the documents to your bank snd once the documents received at The buyers bank they will check whether the documents are presented as per the terms and conditions which were mentioned while opening an lc , once the same is done bank will inform the buyer that we have received your documents. post that buyer will provide the declaration of acceptance that they will make payment on due date

  • @yashchauhan8985
    @yashchauhan8985 4 года назад +2

    Very good sir....it is very useful to understand such kind of concept.....keep uploading such type of information...the way of presenting and teaching absolutely superb 👌👌👌

    • @AssetYogi
      @AssetYogi  4 года назад

      Thanks for appreciation Yash :)

  • @VinodKumar-ny1yk
    @VinodKumar-ny1yk 4 года назад +4

    Excellent one 👍👍

  • @subingiri8990
    @subingiri8990 6 лет назад +2

    watching your videos from Nepal. Your explanations are very clear. Thank you for this. Your channel has helped me a lot.

  • @Farhankhan-pg7ql
    @Farhankhan-pg7ql 5 лет назад +2

    Love u bro from USA 🇺🇸 i am also doing export & import here i miss india 🇮🇳 so much

  • @pratikkk3350
    @pratikkk3350 4 года назад +5

    Aa yeah ! Thank u so much sir ❤️🙏🏼

    • @AssetYogi
      @AssetYogi  4 года назад

      Hope it's useful Pratik

    • @divinedevotion9372
      @divinedevotion9372 4 года назад

      @@AssetYogi bhaiya ji Kitna jaldi payment milta ha LC main ?

  • @someshbudale8834
    @someshbudale8834 4 года назад +2

    Best explanation ever.. every concept is cleared in a good way

    • @AssetYogi
      @AssetYogi  4 года назад +1

      Thanks for appreciation Somesh :)

  • @ekramnizam
    @ekramnizam 5 лет назад +5

    Thanks a ton, Sir, nice explanation. God bless you..

  • @jaysdaddy409
    @jaysdaddy409 6 лет назад

    Best Knowledge Providing Channel

  • @sandipadhyaru1227
    @sandipadhyaru1227 6 лет назад +8

    Sir aap bahut Achha samjate ho , details me , aap se meri humble request he ki aap pura export import a to z sikha do please , specially sari gov. schemes

    • @AssetYogi
      @AssetYogi  6 лет назад +1

      Thank you, and I have noted your suggestion.

  • @milindpunde5923
    @milindpunde5923 4 года назад +1

    Excellent explanation in very easy language...great

  • @tiwacha1
    @tiwacha1 6 лет назад +6

    Sir, I know that you have covered functioning of trade finance products. However, can you please cover all the other International trade finance products

  • @DhirajKumar-by9iq
    @DhirajKumar-by9iq 4 года назад

    बहुत अच्छे से समझाया आपने... धन्यवाद सर

  • @mujeebraza
    @mujeebraza 5 лет назад +3

    Way of explanation ,, superb👌

    • @AssetYogi
      @AssetYogi  5 лет назад

      I hope this will be helpful :)

  • @abhishekrana701
    @abhishekrana701 4 года назад +1

    Bohat aacha tarika hai sir aapka teach karne ka . Good sir

  • @jameelbaig1972
    @jameelbaig1972 6 лет назад +4

    Excellent bro but could you please explain or suggest the video in which the Clauses / Tags used in Letter of Credit.

  • @Easypeasyy_2
    @Easypeasyy_2 Год назад +1

    Thank you so much my first comment ever in any yt videos

  • @anoshbhatti4347
    @anoshbhatti4347 5 лет назад +4

    As usual appreciable 😇
    Love from Pakistan!

  • @VishalKumar-fy7fu
    @VishalKumar-fy7fu 5 лет назад +2

    Bahot badhiya explanation hai

  • @poojakashyap4452
    @poojakashyap4452 4 года назад +3

    Sir, aapki vedios se bahot accha samagh aata h. Ek request h please markiting logistics pr bhi vedios bnaiye pls sir

    • @aakashakki143
      @aakashakki143 2 года назад

      Pehle grammar ka VIDEOS dekho phir MARKETING sikhna ..Rip angreji ...

  • @lokanathreddyyerragundla6191
    @lokanathreddyyerragundla6191 2 года назад +1

    Extraordinary explanation sir .... hats off to you

  • @nitishk7865
    @nitishk7865 5 лет назад +3

    Too good, well explained 🙏

  • @jawadzulfiqar1995
    @jawadzulfiqar1995 3 года назад +1

    Much simple explanation, informative video.

  • @funkaar30
    @funkaar30 6 лет назад +6

    It is a good tutorial but lack of information in starting like buyer firstly contact with seller and they will in contract in which terms and condtions will be written, in which one of the condtion is LC as well that will has to be accepted by both parties. if you will add this in this lecture then in my opinion it will be more beneficial.

  • @crazydinnuxyz
    @crazydinnuxyz 4 года назад +1

    Sir your vedios is too easy to understand and very helpful to me

    • @AssetYogi
      @AssetYogi  4 года назад

      Glad to hear that 😊

  • @syedazam5381
    @syedazam5381 6 лет назад +10

    sir, when negotiating/nominating bank is required although every exporter has advising bank

    • @umeshjoshi7523
      @umeshjoshi7523 5 лет назад +1

      Negotiating bank is the bank which purchased/discount the bills drawn under LC. Pls see this video.
      ruclips.net/video/E10jIRDw76c/видео.html

    • @ashishdodke526
      @ashishdodke526 4 года назад

      @@umeshjoshi7523 ioiijmmmmm0jP0iJ000000i0000ppppppppppp0009J00i000000pu00000000jpiii0I0opopi0oooppo0iio9oipopojjp

    • @pramodraut4577
      @pramodraut4577 4 года назад

      How bank fee taking bank to make this

  • @sanjaygupta174
    @sanjaygupta174 5 лет назад +1

    Sir apke export import video se Maine bahut kuch sikha hai ....thanks sir..sir mujhe pre aur post shipment ke bare me detail sikhna hai ....please sir.

    • @AssetYogi
      @AssetYogi  5 лет назад

      Glad to know that Sanjay. Keep supporting

  • @ravichanduyekula3975
    @ravichanduyekula3975 6 лет назад +6

    Awesome explanation sir thnku for enlightening on this topic 👏🏻

  • @piyushasrani1121
    @piyushasrani1121 4 года назад +2

    This explanation on LC IS masterpiece. Thanks a lot mukul sir

    • @AssetYogi
      @AssetYogi  4 года назад

      Hope it's helpful Piyush 😊

  • @shubhamjain1525
    @shubhamjain1525 4 года назад +3

    Sir why there are separate LoC(letter of credit) and LoU(letter of undertaking) if the function of both is to built trust between 2 entities for completing transaction ..I found LoU to be a easy procedure than LoC.
    Sir please clear my doubt🙏🙏

  • @njavker27
    @njavker27 5 лет назад +1

    very good and elaborately explained the basics of LC

  • @wazeerahmed9857
    @wazeerahmed9857 5 лет назад +3

    Dear sir how we export our products with buyer to deal with them in rupees or dollars? I hope you reply me.. Thank you

  • @abhijit921
    @abhijit921 6 лет назад +1

    Explained in quite a simple way...Thanks a lot!

  • @SafeIndiA
    @SafeIndiA 5 лет назад +3

    Great sir,
    Thanks thanks sir

    • @AssetYogi
      @AssetYogi  5 лет назад

      Hope it helps you DigiTal

  • @janakpoudyal1981
    @janakpoudyal1981 5 лет назад +1

    Thank you very much. Supreme video. once for lifetime concept.

  • @AnkitAhuja82
    @AnkitAhuja82 4 года назад +4

    This is very nice and informative. One suggestion: You may also include the pricing of LC and financial impact.

  • @DSS5683
    @DSS5683 5 лет назад +2

    Namaste Sir. ...wonderful. ..Thanks ..for sharing your knowledge. ....we are your lifetime students. ....

    • @AssetYogi
      @AssetYogi  5 лет назад +1

      Hope it helps and thank you for appreciation Debasis 😊

  • @lubnaansari4390
    @lubnaansari4390 6 лет назад +3

    Excellent explanation..

  • @shafiqsoherwardy9823
    @shafiqsoherwardy9823 4 года назад +1

    Very nice very comprehensive, describe in detail, way of giving lecture outstanding. 👍👍👍

    • @AssetYogi
      @AssetYogi  4 года назад

      Thanks for appreciation Shafiq

  • @punkajjtayyadey4530
    @punkajjtayyadey4530 6 лет назад +11

    Sir pls explain about preshipment finances and postshipment finances

    • @AssetYogi
      @AssetYogi  6 лет назад +5

      Topic noted for future videos.

    • @thezero9322
      @thezero9322 5 лет назад +1

      Super tiching sir .....

    • @merchant500
      @merchant500 5 лет назад

      @@AssetYogi tks

    • @utsavagarwal2029
      @utsavagarwal2029 4 года назад

      Could you please make a video about how does advance payments and payments to middlemen work with LC. Th anks

  • @pavneshkumar9411
    @pavneshkumar9411 6 лет назад

    Excellent way to explain the topic.....examples help a lot in understanding

  • @ashadeep7786
    @ashadeep7786 5 лет назад +4

    Awesome.Could you pls explain about Aluminum premium pricing and LME

    • @AssetYogi
      @AssetYogi  5 лет назад +1

      Noted your topic suggestion Asha

  • @poonampurnima8109
    @poonampurnima8109 6 лет назад +2

    Sir u r the great tutorial ur ways of explanation is very understandable I thanks you for sharing ur knowledge through a this network

    • @AssetYogi
      @AssetYogi  6 лет назад

      Thank you for appreciation 😊

  • @RAUSHAN..KUMAR..KASHYAP
    @RAUSHAN..KUMAR..KASHYAP 6 лет назад +9

    Bahut khoob.

    • @AssetYogi
      @AssetYogi  6 лет назад +3

      Thank you 😊

    • @manzoorwky
      @manzoorwky 6 лет назад

      @@AssetYogi bro.. your video is good but if you use hindi as a language you are reducing your potential viewers only in to Hindi knowing people

    • @aashishjangra
      @aashishjangra 6 лет назад

      What is shipping bil

    • @atiqkhan8917
      @atiqkhan8917 6 лет назад

      Very nicely explained

  • @Kumaripriyanka02
    @Kumaripriyanka02 Год назад

    You are amazing 🙌
    I was really facing difficulty in understanding it by book. Now it is easy for me. I don't even need to memorize bookish language

  • @rajvishah1148
    @rajvishah1148 5 лет назад +4

    In import case, How to recover the excess amount paid to the foreign supplier.

    • @alkashukla4800
      @alkashukla4800 4 года назад +1

      You can settle the excess amount paid in your next order or send a SWIFT message to importer bank for reversal of excess money

  • @sumairsaqib260
    @sumairsaqib260 6 лет назад +2

    Excellent.. How efficiently you covered import export & finance information at the same time.. Keep it up

  • @BhupinderSingh-ex1wt
    @BhupinderSingh-ex1wt 6 лет назад +5

    Sir, thanks for sharing the knowledge over working of LC.
    Please suggest what is the difference between UPC articles and UPC rule and which should be referred while going for LC?

  • @inspiredbyrg9413
    @inspiredbyrg9413 5 лет назад +2

    Thank you so much. This video help me alot in my exam today. You clear all my doubts.

    • @AssetYogi
      @AssetYogi  5 лет назад

      Thanks for sharing your words Rachit. Keep supporting, keep growing

  • @dsdesire1447
    @dsdesire1447 5 лет назад +3

    Sir please UCPDC 600 ka important articles explain kijiye with examples 🙏🙏🙏

  • @kalpanajadhav4889
    @kalpanajadhav4889 6 лет назад +1

    Thnku so much ...in simple words u clear all doubts related this concept

    • @AssetYogi
      @AssetYogi  6 лет назад

      Glad to know that it helped you.

  • @rahuljain1185
    @rahuljain1185 6 лет назад +6

    Foreign purchase procedure par video banaye

  • @Guptatradingtips90
    @Guptatradingtips90 4 года назад +1

    Well done bro
    Love the way that you explain the concept with such simplicity
    Thankyou so much

  • @pratikgulve6150
    @pratikgulve6150 5 лет назад +5

    What is Letter of Intent?
    What is Letter of Undertaking?
    What is Financial Closure in Any Project?

  • @brajendrasingh7760
    @brajendrasingh7760 5 лет назад +2

    You video is really good. Covering the required aspects in simple language.

    • @AssetYogi
      @AssetYogi  5 лет назад

      Thanks for appreciation Brajendra :)

  • @rekhachopra8061
    @rekhachopra8061 5 лет назад +4

    Or loc and bank acceptance are similar?

  • @daryajaan2571
    @daryajaan2571 5 лет назад +2

    Wat a explanation sir superb flawles

  • @mandiwalzonetech6497
    @mandiwalzonetech6497 5 лет назад +4

    सर एक्सपोर्ट के डाक्यूमेंट्स बनाने के बारे में बताइए में यह हमारा सी एच ए हमारी डॉक्यूमेंट बनाने में हेल्प करेगा

  • @sunitrana4472
    @sunitrana4472 11 месяцев назад

    This channel is my favourite and the data or information given by u is really very good and effective. If possible Kindly make one video on a letter of credit to cover numerical aspects.

  • @shaikhshoyeb4673
    @shaikhshoyeb4673 6 лет назад +3

    Methods of remittances par video kare

  • @SP36915
    @SP36915 5 лет назад +2

    Thank you Mukulji for sharing such a wonderful and informative vdo. I request you to please make and share vdo on How to decide product cost on FOB , CIF and other incoterms ? Please Its a request to you

  • @HotFuzzGoonayorum
    @HotFuzzGoonayorum 4 года назад +28

    Nirav modi brought me here

  • @sachinkeer5632
    @sachinkeer5632 4 года назад +1

    You have made this super easy to understand..,. thanks

    • @AssetYogi
      @AssetYogi  4 года назад

      Keep learning Sachin :)

  • @swapnilupadhyay5298
    @swapnilupadhyay5298 5 лет назад +6

    Sir ma phli bar apna product export krna wala tha 70% advance payment bhi milna wali thi pr Importer ko third party guarantee chiya .. like kisi mnc vgra se pr hm nai janta aasa kisi ko to ab kya kra???

  • @shakshikaistha5710
    @shakshikaistha5710 4 года назад +2

    Thanku sir
    Excellent video

  • @rajendrawaje3194
    @rajendrawaje3194 6 лет назад +6

    Caiib exam retail banking par videos kare sirji

  • @nikitabansal6928
    @nikitabansal6928 5 лет назад +1

    Sir... YOUR videos are so helpful... plz make video on export finance
    .. as we are not able to find help anywhere.

  • @satishsaxena9810
    @satishsaxena9810 5 лет назад +6

    what is the meaning of "Shippers Usance Period in LC"

    • @umeshjoshi7523
      @umeshjoshi7523 5 лет назад +3

      Usance period is the period given for importer to pay the bill. For more see the video
      ruclips.net/video/E10jIRDw76c/видео.html

  • @joeyyusaf7534
    @joeyyusaf7534 2 года назад +1

    Thank you very much from Toronto Canada

  • @nehasarvaiya7408
    @nehasarvaiya7408 5 лет назад +6

    Export promotion organization...ye questions ka video banaye request

  • @naddyshah4051
    @naddyshah4051 2 года назад +1

    Thanks ....ap ne bohat acha explain kya ...