Letters of Credit Explained – The Basics
Alan Bracken explains the basics of a Letters of Credit and important points to be aware of if you intend to use a letter of credit as a method of payment.
In this video, the following points are discussed:
0:00 Introduction to Letters of Credit
1:32 The Definition of a Letter of Credit
6:22 Why Trade with Letters of Credit?
9:05 Types of Letters of Credit
23:47 The Rules of UCP600
For the full syllabus of our online Letter of Credit course, please see: https://www.abtslogistics.co.uk/letter-of-credit-full-syllabus/
Video Duration: 00:31:41
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