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?
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?
i have a question which is once the exporter bank purchase documentary bill from exporter and send it to the importer bank then importer bank will make payment to the exporter bank after receiving the documents ?
There had been so many types of scammers until, bank facility need to increase and LC usage need to be expanded from logistics to renovation industry. Possible future (due to people running away) = Buy goods under LC = Repayment, progressive 5, with 5 counter-part LC. == 4 goes to supplier, 1 goes to renovation-contractor = all paper-trail and taxed with accounting-book-keeping without government creating computer problem and blame business for wrong data-entry. Same culprits. Bokerage-commission U-turn(spread) themselves(troublemakers)
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?
Yes. It's getting more delay because of port congestions. Normally, shipping line will omit some ports to cover the schedule but in this situation, I cannot guess.. sorry..
Usually theres no discrepancies with LC if shipping liner can provide vessel delayed certificate due to BL sob date is as follow to vessel etd@atd to avoid back dated BL. p/s: just from my experience from working in shiiping liner company✌🏻
@@yayaemira4535 Standard clause of LC contains latest date of shipment instead of ETA/ETD. In case of delay, wouldn't a simple L/C amendment resolve this issue?
@@maazamir1826 ya you can also do the lc amendment if not incur charges with bank.. usually shipper dont want to amend the lc due to involve a penalty from bank charges..
I also pay attention to the the reimbursing bank, if the issuing bank fails to conduct payment to advising bank. The reimbursing bank will act to finance. Cmiiw!
This is so easy to understand, thank you so much for your immerse efforts
Thank you!
@@logisticsyoutuberiinosan2358 pp比皆日拍手捧qqqp手機a
Good explanation .. Thank you sir
Excellent nice explanations about LC😊
Very good information. Thanks for sharing
that was so helpful! thank you.
Very interesting way of explaining LC, clear and easy to understand. Thank you so much. I needed it so much.
It's my pleasure😆
Very interesting and easy to understand
Great teaching
Very helpful, thank for your video
Thank you for sharing, to help others is to help yourself.
It's my pleasure😄
Very helpful! Thanks!
very nice information for me that start to study export
Thanks! Cheer up for your study😆
Great informative video, thank you
Good guidance sir thank u
You are welcome, Aaron san😆
Thank you for the video. After all the reading, this is way better
Very well explained..your animation and concise explanation are top-notch👍 I enjoyed watching it from Korea, thanks!
Thank you from Korea😄 This L/C content is quite useful, I believe.
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?
Good and well done
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?
it is between exporter and importer issue to check the good spec is match as its specification.
thank you for making these videos
You are welcome😆
Very helpful 👍 thanks a ton
Awesome
Welcome!
Thanks so much for your video and explanation.
You are welcome!
it is so helpful fr us
keep going we will support you
Thank you!
P
P
very helpful
my pleasure!
Yes very good
Very helpful video.
well explained, thank you.
You are welcome😄
Very easy-understand illustration I never seen before .... like it a lot Thank you
My pleasure😁
Thank you.you are amazing lecturer.
It's my pleasure😁
Very informative and straightforward approach. Btw i am from Malaysia and i am sorry that you got cheated by a malaysian company.
cheated?
Lol, me too, i feel the same😅
Fantastic vid👍🏻
Thanks!!
Easy to understand, thank you
You are welcome!
P
Very helpful🙏🏻
My pleasure😆
Thank you so much..
I Love this video 😀👍👍
Thank you too!
Great job ..! keep it up and good luck..!
Thank you! I will try😁
i have a question which is once the exporter bank purchase documentary bill from exporter and send it to the importer bank then importer bank will make payment to the exporter bank after receiving the documents ?
We are making a huge work for understanding about logistics process ♥️❤️♥️
Thank you😆
Thank you!
you are welcome😆
There had been so many types of scammers until, bank facility need to increase and LC usage need to be expanded from logistics to renovation industry.
Possible future (due to people running away)
= Buy goods under LC
= Repayment, progressive 5, with 5 counter-part LC.
== 4 goes to supplier, 1 goes to renovation-contractor
= all paper-trail and taxed with accounting-book-keeping without government creating computer problem and blame business for wrong data-entry.
Same culprits. Bokerage-commission U-turn(spread) themselves(troublemakers)
Thank you so much
Thank you
You are welcome😄
thank you so much
You are welcome😄
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?
Yes. It's getting more delay because of port congestions. Normally, shipping line will omit some ports to cover the schedule but in this situation, I cannot guess.. sorry..
Usually theres no discrepancies with LC if shipping liner can provide vessel delayed certificate due to BL sob date is as follow to vessel etd@atd to avoid back dated BL.
p/s: just from my experience from working in shiiping liner company✌🏻
@@yayaemira4535 Standard clause of LC contains latest date of shipment instead of ETA/ETD. In case of delay, wouldn't a simple L/C amendment resolve this issue?
@@maazamir1826 ya you can also do the lc amendment if not incur charges with bank.. usually shipper dont want to amend the lc due to involve a penalty from bank charges..
@@yayaemira4535 Agreed
Finally!!
Yeah😁
thanks it is helpful but why does the bank purchase bill of lading
because B/L has a function like money.
Do we need to actually issue "Clean on Board B/L" if the LC states so?
sorry for my late reply. I don't understand what Clean on B/L..
Sir plz explain about lorry receipt
Payment
lorry.. sorry.. I'm not familiar with it..
What kind of the application to make this animation?
VYOND.
When can i apply for LC before shipment or after shipment
before shipment
Dear sir, could you share the difference between Forwarder, Shipping and container line
Good idea for making video😆
Is it same as Cash against documents (CAD)?
NO. L/C is not the same as CAD.
thanks
You are welcome!
HUMID SEAL MEANS? ON LC TERMS
Please can you tell me what’s the difference between L/C and bill of exchange 😭 I’m so confused
Thank you, but there're alot of abbreviations that need to be explained
I also pay attention to the the reimbursing bank, if the issuing bank fails to conduct payment to advising bank. The reimbursing bank will act to finance. Cmiiw!
👍
If you want to learn this content more clearly, please check this link.
trade-camp.com/
Is a Letter of Credit the same as a Documentary Credit?
not the same. Documentary Credit is the part of Letter of Credit. Better to ask Bank people.
D/o means what
Delivery Order. Google will teach you fast.
The music is so annoying and disturbing
Clear Video -
Thank you very much
thank you
Thanks
You are welcome😆