What is Letter of Credit and how does it work? | Mr. Kunal Dugar

Letter of Credit - A vital tool in international trade providing security and structure to transactions across borders.
In today’s video, Mr. Kunal Dugar, Instructor, JBS Academy Private Limited guides on ‘What is a Letter of Credit and How does it work?’ Mr. Kunal Dugar unravels the complexities of this financial instrument that plays a crucial role in international trade. He explains in detail about what Letter of Credit is, its players, types, how does it work step by step etc.
Learn in detail about,
• What is Letter of Credit?
• Key players - Letter of Credit
• Process of how a Letter of Credit works
• Types of Letter of Credit
• Advantage and Disadvantages of using Letter of Credit
To further learn in detail about ‘What is a Letter of Credit and How does it work?’ do watch the video.
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[@yellalaroshanbaig611]

Super explanation pls explained in detail about Types of Letter of credit Reversible & irreversible Pros & cons

[@JBSAcademy]

Thanks a lot for your suggestion! We love hearing ideas from our viewers and will definitely think about making a video on this. Stay tuned!

[@jyothsna4105]

Please make a video on how AI is going to take over Logistics, international trade and how logistics professionals are to upgrade themselves to remain in the job market

[@JBSAcademy]

Thanks a lot for your suggestion! We love hearing ideas from our viewers and will definitely think about making a video on this. Stay tuned!