How to use transferable LC more effectively? PART - I By Isaac Tudu
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- Опубліковано 2 чер 2021
- How to use transferable LC more effectively? PART - I
A LC is issued in favour of the seller, who ships the goods and claims payment under LC. It is typically applicable when the Seller is the manufacturer of the goods.
But the buyer can do the business with an intermediary trader, who is not a manufacturer of the goods and operates on a narrow margin, with a limited WC.
Therefore, the trader seeks a means of finance for their purchase without engaging their own resources.
Transferable LC meets the above needs as LC issued in favour of the trader can be used as a means of paying the sources from which the trader obtains goods.
It is a very good product for exporters, engaged in the trading business, to increase their export/sales business.
Due to time constraints, I have divided the entire presentation into two videos i.e. PART- I and PART - II.
I have covered the following topics in this video (PART - I):
• Understanding transferable LC
• Need of transferable LC
• Advantage of transferable LC
• Risk and cost of transferable LC
• Transferable LC - How does it work?
I will be covering the below topics in my 2nd video (PART - II): will be released soon
• Important points of transferable LC
• Flow- Chart of transferable LCAbout
Speaker:- Isaac Tudu is an ex-banker with India’s largest Banks i.e. ICICI Bank and State Bank of India having more than 25 years of banking experience in Trade Finance and Credit with ICC certifications like CDCS, CSDG & CITF etc.
Isaac Tudu provides "CDCS Exam Preparation Online Course" for Bankers and Professionals working in Export-Import Business.
Isaac’s Vision: To create a financial world where SMEs are well conversant with Trade Finance without any ambiguity. Isaac’s Mission: To help 100,000 SMEs to achieve their Sales & Business Growth drastically by enabling them through the "Hassle-Free Trade Finance" Online Programme.
Call for more information: WhatsApp: +91 90999 64682
Stay connected with us: Visit: www.isaactudu.com
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#importexport #tradefinance#lettersofcredit#lc#msme#sme#bankers#cdcs
Thanks you
informative
Its very good Sir
Useful
Thanks a lot Ganesh..
very informative and clear thank you
thank you so much
Informative video
very useful video. can you explain how the BL will work during that process?
Great sharing.
Thanks a lot Gaurab..
Very useful please make more videos
can the second beneficiary also mentioned in the transferable lc?
Hello thank you for the video: question: can the original buyer be hidden from the 2nd beneficary?
Hello sir, pls also make videos in hindi
Sir, In LC it has to be mentioned port of loading and port of destination. If LC is transferable LC, and first beneficiary transfer the LC to 2nd beneficiary who is in another country, than when goods will be shipped to Applicant, what is to be mentioned in BL. I mean port of loading, port of destination, beneficiary name, consignee name etc. Please reply
B/L also must be switched from trader to buyer when goods is sailing in high sea
Sir what is the difference between back to back and transferable l/c?
Watch the video on the same topic. ua-cam.com/video/NJ7BGK6hIRI/v-deo.html
Mr. Isaac, unfortunately, I have tried to contact you through all your channels, even on Telegram, but have ignored me deliberately and did not bother replaying even with NO I DON'T HAVE TIME !! why do you publish all your information on this tube and propagate to be the Gouru of LCs and you don't give a sh.... to your fans !!!! is this correct behavior MR ??? I am 66 years 66-year-old person who sought even with payment, help from you but you just don't give a sh.....