Basics of Letter of Credit & Receiving Overseas Payments
Beginner's guide on - How does an LC works? What is UCP, Types of LCs, Blockchain-Based LC, Role of Banks, Costs of LCs
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1.5 hours
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Feb 2025
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What you will learn
Beginner's concepts on how does a traditional overseas letter of credit work
What are the typical parties and banks in a simple letter of credit cycle
What is UCP 500/600 and its role in international L/C operations
What is a blockchain based letter of credit?
What are the different types of letter of credits
What is the basic framework of of typical exports transaction involving a letter of credit
What are the different costs and fees associated with letter of credit and who pays what part.
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4110816
udemy ID
6/9/2021
course created date
6/11/2021
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