Letter of Credit(LC) का सब कुछ आसान भाषा में समझिये

[@AssetYogi]

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[@ARS37]

My banking law paper is day after tomorrow and watching your videos..thank you so much..you're a saviour!!!😊

[@Shamshu150]

Mukul, thank you very much for lectures, you have a very clear understanding of the fundamentals and the needs of the learners. Because of which the flow of your lectures progress at a very peaceful and smooth progression. After listening to you there remain no unanswered questions provided we apply our mind to your problems,I like the closing salutations you are so full of positive energy.

[@sudevthapa8409]

I will come and

[@zaneturner6495]

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[@cyrusgrayson7457]

@Zane Turner instablaster =)

[@zaneturner6495]

@Cyrus Grayson I really appreciate your reply. I got to the site through google and I'm waiting for the hacking stuff now. Looks like it's gonna take a while so I will get back to you later when my account password hopefully is recovered.

[@richasingh8007]

Very precisely explained. Keep uploading such videos. These are really very helpful to understand such twisted concepts. Thank you sir.

[@shialapioneersllc7334]

Hi

[@sandeeprocks91]

Ur video is useful for jaiib ,caiib and banking related exam also

[@AssetYogi]

Keep learning

[@Bibhor4]

Thanks for the upload. However, from my experience, I'd like to argue a point at 12:29. You mentioned that buyer gets a small credit at the beginning of opening the L/C. However, when my company opened an L/C, our bank (UBS) always held the funds immediately after L/C was drafted and confirmed for the duration of the L/C period. At this point, goods weren't shipped by the seller.

[@ankitsomani8416]

Dear Sir, This is an excellent video I have found on LC. I request you to kindly provide videos in following topics:- PO finance PCFC- pecking credit - Foreign currency Vendor discounting

[@ashugupta7115]

No one can explain in this way Easy to understand to anyone... Salute

[@AssetYogi]

Keep learning Ashu 😊

[@hirvamehta2264]

So clear and even small point also covered.. Wonderful guidance.. Thank you

[@taritmukherjee1754]

Crystal clear explanation. Thank you sir.

[@rathankumar6029]

Awesome..Best lecture on LoC so far😍

[@mularam2028]

wow, no body has explained me so simply.....you are superb

[@vinnuvarun5836]

Nthng to say..👌👌 His teaching skills r amazing.. Tq

[@AssetYogi]

Keep learning

[@bhushanlalsharma2268]

@@AssetYogi next video please please continue it sep by step to improve knowledge and take srtong step to build a raputed business ok thanks sir.

[@ihsanalibaig1366]

You are just awesome, really helpful for new importers like me.

[@mnsnaumanshafique7752]

Wow...when I saw your video in your early days....you had only some thousand of subscribers...but after some months today now I saw...u reached more than million...congrats for that...keep up the good work 👍👍

[@AssetYogi]

Thanks 😊

[@bindusharma3130]

Thank you so much ur videos finally help me to clear all the concept regarding LOC without studying from books...tq

[@MsAchu21]

Al vedios are excellent .so I'm not mentioning any particular one here..keep going

[@AssetYogi]

Thank you Charulatha

[@gauravgupta23]

Very very informative and step by step explanation. Thank you Mukul. Asset Yogi for your such a wonderful content.

[@AssetYogi]

😊 Thank you for your kind words and support.

[@gracefulheart7910]

Maa sha ALLAH sir, aap ne bohot acche se samjhaya hai. May ALLAH bless you.

[@itz_tanisha3489]

Yaarrrrrrrrr......itna acha koi kese samja sakta hai 😳😳🙏 . . . . Thank you so much sir 😭❤️🙏

[@AssetYogi]

Most welcome Tanisha.

[@mihirbhagwat4973]

Absolutely brilliant. Explained everything in such a simple way. Kudos sir

[@cbcb9191]

Sir, it's a well explained video on LC. I would like to know that who is reponsible to share shipping information like AWB, Flight detail, date, etc to buyer

[@dhruvbrahmbhatt4085]

they will send the documents to your bank snd once the documents received at The buyers bank they will check whether the documents are presented as per the terms and conditions which were mentioned while opening an lc , once the same is done bank will inform the buyer that we have received your documents. post that buyer will provide the declaration of acceptance that they will make payment on due date

[@saidivyatavabawa7815]

Thanks so much. I'm studying business management & your video helped me understand about this export import related topic. Please consider incoterms in next vid

[@Farhankhan-pg7ql]

Love u bro from USA 🇺🇸 i am also doing export & import here i miss india 🇮🇳 so much

[@ekramnizam]

Thanks a ton, Sir, nice explanation. God bless you..

[@AssetYogi]

Hope it helps :)

[@funkaar30]

It is a good tutorial but lack of information in starting like buyer firstly contact with seller and they will in contract in which terms and condtions will be written, in which one of the condtion is LC as well that will has to be accepted by both parties. if you will add this in this lecture then in my opinion it will be more beneficial.

[@madhav.vignesh]

Crystal clear explanation. Thank you Bhai....

[@AssetYogi]

I hope this will be useful Madhavan :)

[@subingiri8990]

watching your videos from Nepal. Your explanations are very clear. Thank you for this. Your channel has helped me a lot.

[@thejibrailkhan]

Thank you very much for making this video. It has cleared my doubt

[@AssetYogi]

Glad to hear that 😊

[@anoshbhatti4347]

As usual appreciable 😇 Love from Pakistan!

[@AssetYogi]

Thank you 😊 Anosh

[@piyushasrani1121]

This explanation on LC IS masterpiece. Thanks a lot mukul sir

[@AssetYogi]

Hope it's helpful Piyush 😊

[@someshbudale8834]

Best explanation ever.. every concept is cleared in a good way

[@AssetYogi]

Thanks for appreciation Somesh :)

[@VinodKumar-ny1yk]

Excellent one 👍👍

[@AssetYogi]

Thanks

[@sunflowr1985]

You can also elaborate about UCP600 and the different clauses

[@VishalKumar-fy7fu]

Bahot badhiya explanation hai

[@AssetYogi]

Dhanyawaad Vishal:)

[@yashchauhan8985]

Very good sir....it is very useful to understand such kind of concept.....keep uploading such type of information...the way of presenting and teaching absolutely superb 👌👌👌

[@AssetYogi]

Thanks for appreciation Yash :)

[@pratikkk3350]

Aa yeah ! Thank u so much sir ❤️🙏🏼

[@AssetYogi]

Hope it's useful Pratik

[@divinedevotion9372]

@@AssetYogi bhaiya ji Kitna jaldi payment milta ha LC main ?

[@sandipadhyaru1227]

Sir aap bahut Achha samjate ho , details me , aap se meri humble request he ki aap pura export import a to z sikha do please , specially sari gov. schemes

[@AssetYogi]

Thank you, and I have noted your suggestion.

[@haseebriaz4539]

Perfectly Explained ! Hatsoff ! 👍🏻

[@DSS5683]

Namaste Sir. ...wonderful. ..Thanks ..for sharing your knowledge. ....we are your lifetime students. ....

[@AssetYogi]

Hope it helps and thank you for appreciation Debasis 😊

[@tiwacha1]

Sir, I know that you have covered functioning of trade finance products. However, can you please cover all the other International trade finance products

[@mujeebraza]

Way of explanation ,, superb👌

[@AssetYogi]

I hope this will be helpful :)

[@DhirajKumar-by9iq]

बहुत अच्छे से समझाया आपने... धन्यवाद सर

[@daryajaan2571]

Wat a explanation sir superb flawles

[@ravichanduyekula3975]

Awesome explanation sir thnku for enlightening on this topic 👏🏻

[@jameelbaig1972]

Excellent bro but could you please explain or suggest the video in which the Clauses / Tags used in Letter of Credit.

[@naddyshah4051]

Thanks ....ap ne bohat acha explain kya ...

[@AssetYogi]

Most welcome Naddy

[@inspiredbyrg9413]

Thank you so much. This video help me alot in my exam today. You clear all my doubts.

[@AssetYogi]

Thanks for sharing your words Rachit. Keep supporting, keep growing

[@kapilwaghe7123]

For the basics it's really fantastic (y) and well explained. You can post another video for detailed knowledge. Thanks for posting.

[@AssetYogi]

Noted, thanks for the suggestion.

[@rajnishsingh2023]

Without acceptance from issuing bank negotiating bank can't pay amount to seller

[@binhilabi]

@@rajnishsingh2023 can you please explain

[@rajnishsingh2023]

@@binhilabi what is need of explanation. It's simple that without acceptance no one can discount LC... Because acceptance bank liable to pay amount on due date to discounting bank...

[@punkajjtayyadey4530]

Sir pls explain about preshipment finances and postshipment finances

[@AssetYogi]

Topic noted for future videos.

[@thezero9322]

Super tiching sir .....

[@merchant500]

@@AssetYogi tks

[@utsavagarwal2029]

Could you please make a video about how does advance payments and payments to middlemen work with LC. Th anks

[@Queeni4u]

You are amazing 🙌 I was really facing difficulty in understanding it by book. Now it is easy for me. I don't even need to memorize bookish language

[@1977hemang]

Hi Mukul, Thanks for explaining the concept of LC. Your style of teaching makes it very easy to understand. I was looking for a video for Preshipment (export loan) and postshipment (export bill) concept. I am not sure if you have shared this video with some other name. Request you to share the same. Believe me, your videos are really helpful. Thanks a ton. Hemang Thakkar.

[@pratikgulve6150]

What is Letter of Intent? What is Letter of Undertaking? What is Financial Closure in Any Project?

[@shubhamjain1525]

Sir why there are separate LoC(letter of credit) and LoU(letter of undertaking) if the function of both is to built trust between 2 entities for completing transaction ..I found LoU to be a easy procedure than LoC. Sir please clear my doubt🙏🙏

[@abhijit921]

Explained in quite a simple way...Thanks a lot!

[@chiamunir8843]

Ur very expert and good teacher. Ucp 600 articles and urr 500 articles please explain too in hindi.. I always see your all videos and learning a lot

[@RAUSHAN..KUMAR..KASHYAP]

Bahut khoob.

[@AssetYogi]

Thank you 😊

[@manzoorwky]

@@AssetYogi bro.. your video is good but if you use hindi as a language you are reducing your potential viewers only in to Hindi knowing people

[@aashishjangra]

What is shipping bil

[@atiqkhan8917]

Very nicely explained

[@nitishk7865]

Too good, well explained 🙏

[@AssetYogi]

Thanks Nitish

[@bantangjulie6301]

For Small Errors, Banks do not cancel the entier L/C. If there is a problem they often charge USD100 for the discrepancy charge. and the only condition is if the Buyer accepts it. and most of the time they do accept it.

[@kalpanajadhav4889]

Thnku so much ...in simple words u clear all doubts related this concept

[@AssetYogi]

Glad to know that it helped you.

[@syedazam5381]

sir, when negotiating/nominating bank is required although every exporter has advising bank

[@umeshjoshi7523]

Negotiating bank is the bank which purchased/discount the bills drawn under LC. Pls see this video. kzbin.info/www/bejne/e2KTm3yIedxqbMU

[@ashishdodke526]

@@umeshjoshi7523 ioiijmmmmm0jP0iJ000000i0000ppppppppppp0009J00i000000pu00000000jpiii0I0opopi0oooppo0iio9oipopojjp

[@pramodraut4577]

How bank fee taking bank to make this

[@SafeIndiA]

Great sir, Thanks thanks sir

[@AssetYogi]

Hope it helps you DigiTal

[@abbasshaikh717]

Sir, I am working as export and import assistant from last 5 yrs. Your videos are very helpful for better understanding of concepts. Can you recommend books, course for acquiring thorough knowledge in this field. How have you cleared your basic?

[@rayeesbhat8497]

اسلام علیکم ورحمتہ اللہ وبرکاتہ Sir i am rayees ahmad from Kashmir India.sir i want do business with you

[@m.a.8483]

Hello Bhai

[@rayeesbhat8497]

@@m.a.8483 who are u

[@sumairsaqib260]

Excellent.. How efficiently you covered import export & finance information at the same time.. Keep it up

[@yashgala5741]

Thank you sir Nice explanation of LOC sir these financial videos are useful for DBF exam?

[@AssetYogi]

Good to hear that these videos are helping you in your exams.

[@wazeerahmed9857]

Dear sir how we export our products with buyer to deal with them in rupees or dollars? I hope you reply me.. Thank you

[@poonampurnima8109]

Sir u r the great tutorial ur ways of explanation is very understandable I thanks you for sharing ur knowledge through a this network

[@AssetYogi]

Thank you for appreciation 😊

[@induchauhan4223]

I want to start export of spices. Being new in this business which help u do like buyer, country, procedure of shipment, safe payment, documentation etc.

[@poojakashyap4452]

Sir, aapki vedios se bahot accha samagh aata h. Ek request h please markiting logistics pr bhi vedios bnaiye pls sir

[@aakashakki143]

Pehle grammar ka VIDEOS dekho phir MARKETING sikhna ..Rip angreji ...

[@AnkitAhuja82]

This is very nice and informative. One suggestion: You may also include the pricing of LC and financial impact.

[@sagarverma5771]

You understand it best when it is in your mother tongue.Hindi it is for sure.

[@anasbeig2399]

apka video chart wise bna te ho acha help hota hai thnx for ur support bhai ji

[@AssetYogi]

Glad that you found the video helpful. 😊

[@BhupinderSingh-ex1wt]

Sir, thanks for sharing the knowledge over working of LC. Please suggest what is the difference between UPC articles and UPC rule and which should be referred while going for LC?

[@naveera123]

Lĺllppppppppppp

[@lubnaansari4390]

Excellent explanation..

[@AssetYogi]

Thank you 😊

[@waghela99]

Please clarify on below point while issuing LC 1. Expiry date 2. Latest date of shipments 3. Period of presentation 4. Usance and sight 5. By negotiable/acceptance/by deferred payments. 6. Incoterms - CIF/EXW/CIP/FCA/CRF 7. Marine insurance (why excess clause). 8. What is third party/charter party bill of lading. Please need information on above mentioned points for more understanding. Regards, Chirag waghela

[@avinashmaurya8035]

sir,very good suggest

[@Thoughts_in_theair]

i think iam geeting addicted 2 ur channel..pls make vedios for assesment of wc and realted things like drawing power etc. awesome vedio

[@AssetYogi]

Thank you for appreciating Swizz. Noted your topic suggestion

[@rahuljain1185]

Foreign purchase procedure par video banaye

[@ashadeep7786]

Awesome.Could you pls explain about Aluminum premium pricing and LME

[@AssetYogi]

Noted your topic suggestion Asha

[@brajendrasingh7760]

You video is really good. Covering the required aspects in simple language.

[@AssetYogi]

Thanks for appreciation Brajendra :)

[@jawadzulfiqar1995]

Much simple explanation, informative video.

[@dsdesire1447]

Sir please UCPDC 600 ka important articles explain kijiye with examples 🙏🙏🙏

[@nehasarvaiya7408]

Export promotion organization...ye questions ka video banaye request

[@manjukanduri9302]

Trade looks so simple..but era isn't enough to Learn it!

[@shafiqsoherwardy9823]

Very nice very comprehensive, describe in detail, way of giving lecture outstanding. 👍👍👍

[@AssetYogi]

Thanks for appreciation Shafiq

[@rajvishah1148]

In import case, How to recover the excess amount paid to the foreign supplier.

[@alkashukla4800]

You can settle the excess amount paid in your next order or send a SWIFT message to importer bank for reversal of excess money

[@shaikhshoyeb4673]

Methods of remittances par video kare

[@preshitshirke4297]

"Explanation" is just like a WOW!

[@AssetYogi]

Thankyou

[@lokanathreddyyerragundla6191]

Extraordinary explanation sir .... hats off to you

[@AssetYogi]

Thanks a ton

[@mandiwalzonetech6497]

सर एक्सपोर्ट के डाक्यूमेंट्स बनाने के बारे में बताइए में यह हमारा सी एच ए हमारी डॉक्यूमेंट बनाने में हेल्प करेगा

[@Motivationalsoul4149]

Very nice question

[@HotFuzzGoonayorum]

Nirav modi brought me here

[@mrlonely_]

Sooo

[@amitkumar-pj3jb]

Abe wo letter of undertaking leke gya tha

[@milindpunde5923]

Excellent explanation in very easy language...great

[@AssetYogi]

Thanks Milind

[@shayamkumar3084]

Great explanation it's too much useful for my exams prepation 😊😊

[@AssetYogi]

Thanks for appreciation Shayam :)

[@rajendrawaje3194]

Caiib exam retail banking par videos kare sirji

[@swapnilupadhyay5298]

Sir ma phli bar apna product export krna wala tha 70% advance payment bhi milna wali thi pr Importer ko third party guarantee chiya .. like kisi mnc vgra se pr hm nai janta aasa kisi ko to ab kya kra???

[@theSarwarIqbal]

I think, LC is also act like third party guarantee

[@md.hasanalshaif2352]

Your explanation is clear.

[@AssetYogi]

Thanks Hasan

[@Latestudies]

Thank you so much my first comment ever in any yt videos

[@AssetYogi]

You are so welcome!

[@Idontneednohandlers628]

Bro only if this was n English but some how i understood lol

[@prathainitiative0172]

Bro he is addressing the 99.99% of Indian people, So if you want to learn what he is saying come to India and learn hindi then you will get to know everything.

[@rekhachopra8061]

Or loc and bank acceptance are similar?

[@sumitpareek7200]

Vo to line of control ho gaya 😂😂

[@SatyaPharmaceuticals]

Very good video!!!! Please discuss more about EXIM protocols and necessary requirements.

[@joeyyusaf7534]

Thank you very much from Toronto Canada