Sign-up to our new app for discounts and early access: ✔ assetyogi.com/sign-up/

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

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.

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

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

@shialapioneersllc7334

3 жыл бұрын

Hi

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

2 жыл бұрын

I will come and

@zaneturner6495

2 жыл бұрын

Sorry to be off topic but does any of you know of a way to get back into an instagram account?? I somehow lost the password. I love any tricks you can offer me

@cyrusgrayson7457

2 жыл бұрын

@Zane Turner instablaster =)

@zaneturner6495

2 жыл бұрын

@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.

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

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.

Crystal clear explanation. Thank you sir.

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

@AssetYogi

4 жыл бұрын

Keep learning

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

@AssetYogi

6 жыл бұрын

😊 Thank you for your kind words and support.

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

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

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

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

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

Perfectly Explained ! Hatsoff ! 👍🏻

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

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

Жыл бұрын

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

Hi, I really like your videos. So concise, understandable and the methodology of teaching is great. Could you please make a video on factoring and forfaiting

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

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

@AssetYogi

Жыл бұрын

Keep learning

@bhushanlalsharma2268

Жыл бұрын

@@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.

Foreign purchase procedure par video banaye

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

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

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

@AssetYogi

6 жыл бұрын

Noted, thanks for the suggestion.

@rajnishsingh2023

4 жыл бұрын

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

@binhilabi

3 жыл бұрын

@@rajnishsingh2023 can you please explain

@rajnishsingh2023

3 жыл бұрын

@@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...

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

3 жыл бұрын

Lĺllppppppppppp

just like lc needs to be... ur teaching is exact as that precise and clear... ❤️❤️ when the student is student is ready teacher appears ~RUMI

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

Awesome..Best lecture on LoC so far😍

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

@AssetYogi

4 жыл бұрын

Hope it helps :)

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

@AssetYogi

3 жыл бұрын

Keep learning Ashu 😊

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

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

@AssetYogi

5 жыл бұрын

Thank you Charulatha

You can also elaborate about UCP600 and the different clauses

Hello, Mukul Ji Thank you for the videos. What if the shipment gets damaged during transport or any of the reasons. who will compensate the buyer/ Importer?

A Very Informative Channel 👌 Thanks Sir For Sharing such Important things in a Best way

Excellent one 👍👍

@AssetYogi

4 жыл бұрын

Thanks

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.

Very good..!! Watched your first video today.. preparing for bank po interview.. hoping to find good content on your channel!! Keep up the great efforts !! 👍👍 Hopefully u have made a video on LoU also .

बहुत अच्छे से समझाया आपने... धन्यवाद सर

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

Thank you it is very helpful for me may God bless you.

Nicely explained thanks. Is there any validity of LC and what are the bank charges for opening and closing of LC?

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🙏🙏

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

@AssetYogi

3 жыл бұрын

Glad to hear that 😊

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

3 жыл бұрын

Thanks 😊

Bahot badhiya explanation hai

@AssetYogi

5 жыл бұрын

Dhanyawaad Vishal:)

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

@AssetYogi

5 жыл бұрын

Noted your topic suggestion Asha

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

Very well explained.... I would like to know about foreign bills, inland bills, inward and outward remittance as well.... Have you shared videos regarding this ?

Thank you Mukulji for sharing such a wonderful and informative vdo. I request you to please make and share vdo on How to decide product cost on FOB , CIF and other incoterms ? Please Its a request to you

As usual appreciable 😇 Love from Pakistan!

@AssetYogi

5 жыл бұрын

Thank you 😊 Anosh

Methods of remittances par video kare

बहुत ही उपयोगी वीडियो है

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

@AssetYogi

5 жыл бұрын

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

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

@umeshjoshi7523

4 жыл бұрын

Negotiating bank is the bank which purchased/discount the bills drawn under LC. Pls see this video. kzread.info/dash/bejne/d2VkzKuLdNqdZsY.html

@ashishdodke526

4 жыл бұрын

@@umeshjoshi7523 ioiijmmmmm0jP0iJ000000i0000ppppppppppp0009J00i000000pu00000000jpiii0I0opopi0oooppo0iio9oipopojjp

@pramodraut4577

4 жыл бұрын

How bank fee taking bank to make this

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

5 жыл бұрын

Thank you, and I have noted your suggestion.

Dear sir Thanks for your video on opening of letter of credit, please make a video on who is drawer bank, drawer bank and payee bank .... Thanks Yogi...

Thank u for improving knowledge about L.C for export

Bahut khoob.

@AssetYogi

6 жыл бұрын

Thank you 😊

@manzoorwky

5 жыл бұрын

@@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

5 жыл бұрын

What is shipping bil

@atiqkhan8917

5 жыл бұрын

Very nicely explained

Aa yeah ! Thank u so much sir ❤️🙏🏼

@AssetYogi

4 жыл бұрын

Hope it's useful Pratik

@divinedevotion9372

4 жыл бұрын

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

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.

Thanks sir very nice and informative video

Excellent explanation..

@AssetYogi

5 жыл бұрын

Thank you 😊

Awesome explanation sir thnku for enlightening on this topic 👏🏻

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

5 жыл бұрын

Thank you for appreciating Swizz. Noted your topic suggestion

Hi bro, uh told about bill discounting in the video and one more thing, I wanted to know. what is confirmation charges.????

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

@AssetYogi

6 жыл бұрын

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

Way of explanation ,, superb👌

@AssetYogi

5 жыл бұрын

I hope this will be helpful :)

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.

A6aa huaa sir ki aap ka chenal mil gyaa dusre chenls se to boht hi a6aa he..

Too good, well explained 🙏

@AssetYogi

4 жыл бұрын

Thanks Nitish

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

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

@AssetYogi

2 жыл бұрын

Most welcome Tanisha.

it's great. Easy to understand.👍

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

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

Keep it up Sir,,You are doing great.God bless you !!

Bohat aacha tarika hai sir aapka teach karne ka . Good sir

@AssetYogi

3 жыл бұрын

Dhanyawad 😊

Sir pls explain about preshipment finances and postshipment finances

@AssetYogi

5 жыл бұрын

Topic noted for future videos.

@thezero9322

5 жыл бұрын

Super tiching sir .....

@merchant500

5 жыл бұрын

@@AssetYogi tks

@utsavagarwal2029

3 жыл бұрын

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

Great sir, Thanks thanks sir

@AssetYogi

5 жыл бұрын

Hope it helps you DigiTal

Crystal clear explanation. Thank you Bhai....

@AssetYogi

4 жыл бұрын

I hope this will be useful Madhavan :)

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

@AssetYogi

4 жыл бұрын

Thanks for appreciation Somesh :)

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

@alkashukla4800

3 жыл бұрын

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

Caiib exam retail banking par videos kare sirji

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

@AssetYogi

3 жыл бұрын

Hope it's helpful Piyush 😊

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

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

@aakashakki143

Жыл бұрын

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

what is the meaning of "Shippers Usance Period in LC"

@umeshjoshi7523

4 жыл бұрын

Usance period is the period given for importer to pay the bill. For more see the video kzread.info/dash/bejne/d2VkzKuLdNqdZsY.html

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

@AssetYogi

4 жыл бұрын

Thanks for appreciation Brajendra :)

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

Жыл бұрын

sir,very good suggest

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

@Motivationalsoul4149

Жыл бұрын

Very nice question

Nirav modi brought me here

@mrlonely_

3 жыл бұрын

Sooo

@amitkumar-pj3jb

2 жыл бұрын

Abe wo letter of undertaking leke gya tha

Dear Sir, Pls let us know LC Opening charges & Interest charged on LC for which period, please quantify the same with example & treatment in Balance Sheet.. Also explain the Fronting charges. Kindly let us know as NBFC can't open LC, how they initiate through Banks.

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

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

4 жыл бұрын

I think, LC is also act like third party guarantee

Or loc and bank acceptance are similar?

@sumitpareek7200

5 жыл бұрын

Vo to line of control ho gaya 😂😂

Hii, Can you also tell when does collecting bank and reimbursing bank comes into picture. Also can you please make video for following topic 1. Export data processing and monitoring in Trade Finance 2. Import data processing and monitoring in Trade Finance 3. Also concept of Bill of entry (BOE) eBRC etc

very good and elaborately explained the basics of LC