Good video, it explains the basic function of Standby L/C in International Trade. Standby L/C comes into transaction picture, when there is a default happens in transaction, might be default of payment or might be default of performance. Different types of Standby L/C's - Commercial standby, Performance standby, Advance payment standby and Tender - Bid Bond Standby. Its governed by International Standby Practices - 98, issued by ICC. Mostly used in United States and Far East economies of the world, however, now it become more famous in International Trade in Advance Import remittance, Buyers Credit and also in Import open account transactions.
I cleared legal exam today. Thanks for your video support sir. It was really helped.
Very clear, concise, and understable. Thanks.
Excellent sir
very good narration sir thank you sir
Thanks for the video sir
Sir you are Amazing
Sir ,please start making videos on finacle and how to check things from finacle for audit purpose. It will help lot of bank audit articles like me.
Super Sir
sir, thank you for sharing this video..plz upload more videos for caiib
nice teaching skills
Request you to make two videos one in English and one in Hindi...
very helpful
Good video, it explains the basic function of Standby L/C in International Trade. Standby L/C comes into transaction picture, when there is a default happens in transaction, might be default of payment or might be default of performance. Different types of Standby L/C's - Commercial standby, Performance standby, Advance payment standby and Tender - Bid Bond Standby. Its governed by International Standby Practices - 98, issued by ICC. Mostly used in United States and Far East economies of the world, however, now it become more famous in International Trade in Advance Import remittance, Buyers Credit and also in Import open account transactions.
Great
Thank Sir need sbdc for project can you help me. Need immediate.
Sir, do you provide CDCS Classes
Hi