Basics of Letter of Credit & Receiving Overseas Payments

Beginner's guide on - How does an LC works? What is UCP, Types of LCs, Blockchain-Based LC, Role of Banks, Costs of LCs

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Beginner's concepts on how does a traditional overseas letter of credit work
What are the typical parties and banks in a simple letter of credit cycle
What is UCP 500/600 and its role in international L/C operations
What is a blockchain based letter of credit?
What are the different types of letter of credits
What is the basic framework of of typical exports transaction involving a letter of credit
What are the different costs and fees associated with letter of credit and who pays what part.

This is a beginner's course and there are now course requirements and prerequisites

Q. How long do I have access to the course materials?
- A. You can view and review the lecture materials indefinitely, like an on-demand channel.
Q. Can I take my courses with me wherever I go?
- A. Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!

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