Letter of Credit I LC in details । এলসি বিস্তারিত । **Exclusive**

Letter of Credit I LC in details । এলসি বিস্তারিত । *Exclusive*

LC is an undertaking issued by a buyer’s bank using Message Type (MT) FIN 700 SWIFT message on behalf of the buyers or its own account to pay the value of presented original documents to the seller’s Bank complying with the prescribed laws & agreed terms.

I have discussed details in this video related to Issuing Bank, Advising Bank, Negotiating Bank, Nominated Bank, Confirming Bank, Beneficiary Bank, HS Code, RMA, Nostro & Vostro Account, 11 types of Incoterms, Swift code, Banking Channel, Demurrage, 14 types of LC including Deferred, UPAS, At Sight, Confirm, Without Confirm, Revocable, Irrevocable, Revolving, Standby by, Transferrable, Back to Back, Red clause & Green clause LCs, Documents required to issue an LC, 5 types of International Payment Methods, ICC rules, various LC clauses, variation of LC clauses according to LC types, LC Discrepancies, LC Amendments, Assessment process by customs, LC documents, LC closing, etc with necessary diagram & photo.

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