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Leitz 2011-2025

Leitz Tooling Uk Credit Application 2011-2025 Form

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Video instructions and help with filling out and completing Leitz Form

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Instructions and help about leitz goods only online

hi everyone in this video we will look at an overview of how a site letter of credit works as discussed in my previous video which is methods of payment in international trade we noted that if the exporter is new to the Importer and the Importer is new to the exporter there is no trust between both parties so the exporter will certainly want Advanced payment and the import will certainly want open account so this is how the bank enters into the picture and the bank had invented two methods of payment which are documentary collection and documentary credit under documentary collection we have site which is documents against payment under usant we have documents against acceptance looking at the second method of payment which is documentary credit also known as letters of credit we have two types which are site and uson now in the next slide we'll be looking at how a site letter credit works this is a quick overview of how a site letter of credit Works before I begin going to fur

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