Bwbb3063 International Trade and Finance -Group 4

06/06/2021

Good day to all my friends🤗 Today, we are excited to share our video explanation, mainly about the entire chapter on "Special Types of Documentary Credits".🤩

We hope this video will enable you to learn more about what international trade is and gain some knowledge from us.👇
https://www.youtube.com/watch?v=6odNF7Bs1Gc

Thank you for watching, we appreciate your views and likes!🥰

BWBB3063 Group A_4
1. 261485 Or Ye San
2. 261649 Sivathashann Naidu A/L Perumal Naidu
3. 261918 Chia Song Gim
4. 262260 Loh Jun Quan
5. 263246 Gan Ching Hoi

Prepared for: Shahril Bin ShafieBWBB3063 Group A_41. 261485 Or Ye San2. 261649 Sivathashann Naidu A/L Perumal Naidu3. 261918 Chia Song Gim4. 262260 Loh Jun Q...

03/06/2021

Good evening, everyone.🥰 Today, we review what we have learned in the past two weeks about the Stand-by Letter of Credit (SBLC), such as the concepts of SBLC, how SBLC works in international trade, difference between SBLC and LC, types of SBLC and advantages of SBLC.👇

We will upload a video explanation of the entire chapter of "Special Types of Documentary Credits" presented by our group members in coming soon.🤩 Please share with your friends and invite them to like our page so that we can pass on more knowledge to more people.🧐

02/06/2021

Hi everyone. Today, we are going to learn the advantages of Stand-by Letter of Credit (SBLC).🧐

What are the main advantages of a Stand-by Letter of Credit (SBLC)?
👉SBLC helps to ensure that the buyer will receive the goods or services listed in the document, and the buyer is more certain that the goods will be delivered from the seller.
👉For companies that provide SLOC, the biggest advantage is that they can easily get rid of the worst case and reduce the risk of the seller’s production order being changed or cancelled by the buyer.
👉Small businesses may find it difficult to compete with larger and better-known competitors. SBLC can increase its credibility in project bids and can often help avoid prepayments to sellers.

Please click on the link below to learn more about the advantages of Stand-by Letter of Credit (SBLC).👇 Hope it is useful to all of you. Remember to help us like, comment and share posts.🤩

What is Standby Letter of Credit (SBLC) Meaning? A standby letter of credit (SBLC/SLOC) is a guarantee of payment by a bank on behalf of their client. It is a loan of last resort in which the bank …

01/06/2021

Good evening, everybody. In today's lesson, we will study the difference between Stand-by Letter of Credit (SBLC) and Letter of Credit (LC).🧐

I'm sure that many of you think that a Letter of Credit (LC) and a Stand-by Letter of Credit (SBLC) are the same. But this is not🤓, so let us learn the differences in terms of additional features, issuing bank requirements, purpose of issue, duration, area of use and issuing cost.

For further knowledge and understanding, kindly click the link below for more information.👇

LC and SBLC are the most popular and commonly used trade finance instruments But there are some differences between them. Lets understand!

29/05/2021

Happy weekend everyone.🥰 Today, we will study the types of Stand-by Letter of Credit (SBLC).🧐

1. Financial Stand-by Letters of Credit
👉An irrevocable undertakings by a bank guaranteeing the beneficiary repayment of the purchaser's financial obligation.
2. Performance Stand-by Letters of Credit
👉An irrevocable undertakings by a bank to make a payment to the beneficiary in the event that the purchaser fails to perform a nonfinancial contractual obligation.

For further knowledge and understanding, kindly click the link below for more information.👇

Financial Standby Vs. Performance Standby on a Letter of Credit. Letters of credit are legal instruments providing a financial guarantee. They assure a beneficiary that payments will be made or nonfinancial obligations performed by a seller or provider. Standby letters of credit are essentially fail...

28/05/2021

Good day, ladies and gentlemen. Thank you for liking and following our page.🥰 Today, we will discuss about how a Stand-by Letter of Credit (SBLC) works.🧐

Please click on the link below to learn more about the detailed process of how a Stand-by Letter of Credit (SBLC) works in an international trade.👇 Hope it is useful to all of you. Remember to help us like, comment and share posts.🤩

Letter of Credit full process and Basics. How Letter of Credit works in Real. Letter of Credit parties, Letter of Credit payment and Letter of Credit dispatc...

26/05/2021

Hello everyone. Today, we will learn the concepts of Stand-by Letter of Credit (SBLC).🧐

WHAT IS STANDBY LETTER OF CREDIT?
👉SBLC is a legal document issued by the bank on behalf of the customer to provide a guarantee to pay the seller if the customer (buyer) does not comply with the agreement.
👉SBLC is often used in international and domestic transactions where the parties to a contract do not know each other.
👉SBLC acts as a safety net by assuring the seller that if the buyer fails to pay on time, the bank will pay for the goods or services delivered.

Want to know more? Let us click on the link below to learn more about the introduction of the Stand-by Letter of Credit (SBLC).👇And don’t forget to like and share our posts.🤩

This video explains - What is Standby Letter of Credit and the Process to avail Standby LC on your company's behalf! For More Info, visit: https://www.bwtrad...

23/05/2021

Good day to all my friends👋👋. Today, we are going to familiar with the terms 'counter credit' in both areas, which are in the ordinary transaction and in International trade.

We also discuss why counter credit is important in international trade.😉😉

17/05/2021

Good day to all my friends👋👋 Welcome back !!!
Today, let's recap and summarize the red and green clause letter of credit that being learn in the past.😉😉

The following figure points out the differences in terms of definitions, when being used?, the document required, the proportion of advance, and security.👇👇

07/05/2021

Good evening to all my friends🤗🤗.
After defining the Red Clause and Green Clause Letter of Credit, we are going to identify their differences. The following video precisely identifies the distinctions between both types of letter of credit.🤩🤩

There are differences from Green Letters of Credit to Red Letters of Credit. The differences to Red Letters of Credit are that advances of cash are made agai...

03/05/2021

Good evening my friends. After red clause L/C, we are going to learn what is green clause L/C by understanding the definition.

02/05/2021

Good afternoon friends. Today will be our last session about Red Clause of Credit. The photo attached below is the process and difference between how the normal Letter of Credit works and how the Red Clause of Credit works. Have a good day 😁😁