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Methods of Payment in International Trade for Export & Import (2018)
 
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4 Methods of Payment used in International Trade are Open Account, Advance Payment, Documentary Collection & Documentary Credit Equipment Used : Laptop : https://amzn.to/2vfT0Yy Microphone Stand : https://amzn.to/2H0bzli Microphone : https://amzn.to/2IT3ob0 Audio Interface : https://amzn.to/2GTAcjn Earphones : https://amzn.to/2JGbipd Camera Stand : https://amzn.to/2JEHOIt Camera : https://amzn.to/2GVE4Ak Screen Prompt : https://amzn.to/2GVfhAF For Importers that want to know How to Import and for Exporters that want to know How to Export, it is important to understand what are the methods of payment in International Trade. Also, this video walks you through the movement of 3 items between the Exporter and Importer in International Trade. From the Exporter to Importer, there are movement of goods and shipping documents. From the Importer to Exporter, there are movement of money. From these 3 movements of goods, shipping documents and money, there are 4 methods of payment which are o Open account o Advance payment o Documentary Collection o Documentary Credit The video talks about when the goods are available to the Importer, the timing of the payment & the risks to the Importer under the different method of payment. If the Exporter & Importer are new to each other and there is no trust between both parties, they need the bank to come into the picture and for this the bank had invented o Documentary Collection Method - Sight(D/P- Documents Against Payment) & Usance (D/A-Documents Against Acceptance) o Documentary Credit Method This video is designed to provide those operating within International Trade : Exporters, Importers, Bankers & Insurers, Freight forwarders and Carriers an opportunity to broaden their understanding of methods of payment in International Trade. -- ► Subscribe to my Channel https://www.youtube.com/c/TradelinksResources ► Follow My Website: https://tradelinks.com.my/ -- This video was produced by 1. Mr. Billy Fong Goon Poy, ACIB, MITD, Master Trainer 2. Ms Sook Ling, Online Content Creator Tradelinks Resources conducts public training programs for the following International Trade courses in Malaysia 1. Incoterms 2010 2. Letters of Credit 3. Bills of Lading - Correct Preparation To Avoid Rejection by Banks
Views: 60346 Tradelinks Resources
Methods of Payment in International Trade
 
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Did you like this video? Please Share It. This Video is part of International Trade Course, for more info visit: http://www.theeducators.com/portfolio-items/international-trade/ This course is designed to provide the learners, and those operating within International Trade, an opportunity to broaden their understanding of global trade issues, and to gain a clear understanding of the processes and practicalities of International Trade. The course is suitable for all those involved in importing and exporting. It is also appropriate for corporate service providers such as banks, forwarders, accountants and international trade advisers. ---------------------------- This video covers Hollensens five steps of International Expansion: 1. To go international or not? 2. Which markets to enter? 3. Market entry strategies. 4. Designing the global marketing programme. 5. Implementing and coordinating the global marketing... ----------------- Media Partner: http://www.theeducators.com Producer: Tony Zohari Speaker: Siamak Taslimi
Views: 41915 DigitPro
Methods of Payment in International Trade (HINDI/URDU) - Import/Export International Payment Methods
 
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Methods of Payment in International Trade: In this video, we discussed methods of payment in international trade (Hindi/Urdu) -international payment methods(import-export), mode of payments in Import Export. Subscribe to our channel for more videos. http://www.pakistancustoms.net/2018/01/Methods-of-Payment-in-International-Trade-HINDI-URDU-International-Payment-Methods.html Mode of payments in Exports and Imports: The Major ways of making payment for export of goods are: 1. Advance payment Which is the best method of payment in an export trade? What type of terms of payment can I adopt an Export business? Under any kind of sales, obviously, advance payment is the best option for payment. Ok, now the terms of payments are concerned, you are very happy if you get payment in advance. Right? Yes, the 100% safe business in any business, especially in export business, is nothing but receiving the advance payment. However, in this present competitive world, you do not expect advance payment from the buyer in all cases unless your product attracts some specific reasons to pay you to advance payment by your buyer. 2. Letter of credit.( L.C.) Letter of credit is an assurance given by the buyer’s bank to remit the amount to the seller through seller’s bank on maturity, as per the terms and conditions of the document based on the contractual agreement between buyer and seller. Now in simple words, If LC opened on your name, you will receive amount through the buyer’s bank on the agreed time. There are various types of letters of credits like Revocable, Irrevocable, Confirmed, Unconfirmed, Clean & Documentary, Fixed, Revolving, Transferable, Back to Back etc. Most common and safe LC is Irrevocable Letter of Credit. I will explain in details about all types of LC in other videos. 3. DP basis - Documents against Payments: What is DP term of payment? How does DP term of payment work? DP OR DAP term of payment is one of the terms of payment in international trade. D.A.P or D/P terms of payment means, Documents Against Payment. Once cargo shipped out from supplier’s premises, after completing necessary export legal formalities of exporting country, he hands over goods to the carrier who transport to the final destination of a buyer. After delivery of goods, the exporter is issued Bill of Lading (undersea shipment) or Airway Bill (under air shipment) by Carrier or his agent. Exporter submits all required documents along with Bill of Lading /Airway bill, invoice, packing list, bill of exchange with the bank to send to the buyer through buyer’s bank. The seller’s bank, once after verification sends these shipping documents to the buyer through buyer’s bank. After receipt of such shipping documents by buyer’s bank notifies buyer on receipt of documents and advise to ‘accept’ the documents by effecting payment of export proceeds. Under a DP terms of payment (DAP terms of payment), the buyer collects original shipping documents from his bank after making necessary payment against the sale of goods. 4. D.A terms means Documents against Acceptance Payment terms ‘DA’ means Documents against Acceptance. As per D.A terms, once the shipping documents along with bills of exchange received by the buyer’s bank, the buyer is informed to accept documents from buyer’s bank. The buyer accepts documents by signing bills of exchange sent by the exporter, agreeing to pay the value of goods shipped as per agreed period of time. (say, 30 days from the date of bill of lading, 60 days from the date of bill of lading or 90 days from the date of bill of lading). Importer receives original shipping documents by ‘accepting’ bill of exchange. He completes import customs clearance procedures with the said original shipping documents and approach carrier to deliver cargo to him after completion of such import customs clearance. The payment against the sale of goods is effected upon the maturity day mentioned in the bill of exchange. Documents against Acceptance - Is it safe for the seller? In payment terms, is DA safe for an Exporter? Does importer make payment on maturity of the contracted period? How reliable DA terms in exports? As per my opinion, the legal strength on D.A terms is very weak in international legal terms. Ok, if you have a strong business relationship with your buyer, you can ship goods on ‘credit’ basis. A proper study of the buyer’s creditworthiness is a dare need while shipping under D.A.terms. Related Searches: Methods Of Payment In International Trade Export Payment Terms Terms Of Payment In International Trade Export Payment Methods Payment Methods In Export Import Trade Modes Of Payment In International Trade
Views: 24578 PakistanCustomsDotNet
7 Factors to choosing the right Method of Payment in International Trade
 
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This is an animation video of a question relating to determining the right method of payment from the book : A Banker’s Insights on International Trade by Roy Becker. Method of Payment in International Trade https://www.youtube.com/watch?v=cIM5SdLI58g&t=6s -- Equipment Used : Laptop : https://amzn.to/2vfT0Yy Microphone Stand : https://amzn.to/2H0bzli Microphone : https://amzn.to/2IT3ob0 Audio Interface : https://amzn.to/2GTAcjn Earphones : https://amzn.to/2JGbipd Camera Stand : https://amzn.to/2JEHOIt Camera : https://amzn.to/2GVE4Ak Screen Prompt : https://amzn.to/2GVfhAF In international trade there are movement of 3 items between the Exporter and Importer. From the Exporter to Importer, there are movement of goods and shipping documents. From the Importer to Exporter, there are movement of money. From these 3 movements of goods, shipping documents and money, there are 4 methods of payment which are • Open account • Advance payment • Documentary Collection • Documentary Credit The video talks about 7 Factors for choosing the right Method of Payment in International Trade -- ► Subscribe to my Channel https://www.youtube.com/c/TradelinksR... ► Follow My Website: https://tradelinks.com.my/ -- This video was produced by Sook Ling, Online Content Creator Tradelinks Resources conducts public training programs for the following International Trade courses in Malaysia 1. Incoterms 2010 2. Letters of Credit 3. Bills of Lading - Correct Preparation To Avoid Rejection by Banks
Views: 4941 Tradelinks Resources
Methods of Payment | Exporting Basics Episode 14
 
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This video discusses the many payment options when it comes to financing export transactions. Watch the video brought to you by Export.Gov to learn how to pick the best payment options after selling your US products overseas. For more: https://www.export.gov/article?id=How-to-Get-Paid January 11, 2017
Documents Against Acceptance & Documents Against Payment - Bills of Exchange (Hindi)
 
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Documents Against Acceptance (D/A Bill) and Documents Against Payment (D/P Bill) Bills of Exchange explained in hindi. International trade i.e. Import Export Business may involve payment through letter of credit or documentary bills. Related Videos: Letter of Credit - https://youtu.be/0UiLLhNhBiI Bill of Lading - https://youtu.be/xZd76YxHDrg Incoterms - https://youtu.be/GG2Ea4UvyrY Bill of Exchange - https://youtu.be/qcpkS1tpsFk Types of Bills of Exchange - https://youtu.be/vDCoDg2o-yk डाक्यूमेंट्स अगेंस्ट एक्सेप्टेन्स (D/A Bill) और डाक्यूमेंट्स अगेंस्ट पेमेंट (D/P Bill) बिल्स ऑफ़ एक्सचेंज को इस वीडियो में हिंदी में समझाया गया है। इंटरनेशनल ट्रेड व्यापार यानी आयात निर्यात व्यापार में क्रेडिट या दस्तावेजी बिल के माध्यम से पेमेंट शामिल हो सकता है। Share this Video: https://youtu.be/A8nnQIP7xiE Subscribe To Our Channel and Get More Property and Real Estate Tips: https://www.youtube.com/channel/UCsNxHPbaCWL1tKw2hxGQD6g If you want to become an Expert Real Estate investor, please visit our website https://assetyogi.com now and Subscribe to our newsletter. In this video, we have explained: How payments are done in international trade? What is documentary collection payment method? What is documents against acceptance? How documents against acceptance is used in international trade? What is documents against payment? How documents against payment is used in import-export? What is the process of documents against acceptance and documents against payment? How bill of exchange, bill of lading, and the documentary bill is used in international trade? What is the process of documentary collection payment method? How documents against acceptance is different from documents against payment? What is the difference between D/A Bill and D/P Bill? Make sure to Like and Share this video. Other Great Resources AssetYogi – http://assetyogi.com/ Follow Us: Pinterest - http://pinterest.com/assetyogi/ Instagram - http://instagram.com/assetyogi Twitter - http://twitter.com/assetyogi Facebook – https://www.facebook.com/assetyogi Google Plus – https://plus.google.com/+assetyogi-ay Linkedin - http://www.linkedin.com/company/asset-yogi Hope you liked this video in Hindi on “Documents Against Acceptance & Documents Against Payment”.
Views: 25639 Asset Yogi
International Trade Webinar - Methods of Payment
 
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This short webinar looks at: • An overview of export payment methods • Practical advice for working with payment providers • Letters of credit and documentary collections • Payment account opening • Provision of Letters of Credit services
Letter of Credit (LC) - Explained in Hindi
 
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What is Letter of Credit? LC meaning & process explained in hindi. Letter of credit is used in import export business or international trade when Buyer and Seller cannot trust each other. Other related videos: Types of Letter of Credit (LC) - https://youtu.be/eOi2D1bGdD4 Bank Guarantee - https://youtu.be/GWtBvqYYXbI Incoterms - https://youtu.be/GG2Ea4UvyrY Bill of Lading - https://youtu.be/xZd76YxHDrg Types of Bill of Lading - https://youtu.be/lfXgILdOHlE Issuing or Opening Bank, Advising Bank and Negotiating Bank are involved in the transaction. Seller gets his money once he ships the goods and presents Bill of Lading to the negotiating bank. International trade is governed by Incoterms and UCP (Uniform Customs and Practice for Documentary Credits) guidelines issued by International Chambers of Commerce. बैंक गारंटी क्या है? बैंक गारंटी के कई प्रकार - परफॉरमेंस गारंटी, फाइनेंसियल गारंटी, अग्रिम भुगतान गारंटी, बिड बांड या अर्नेस्ट मनी डिपॉज़िट (EMD), फॉरेन बैंक गारंटी, डैफर्ड पेमेंट गारंटी आदि होते हैं। बैंक गारंटी और इसके प्रकारों को इस वीडियो में हिंदी में समझाया गया। बैंक गारंटी लेटर ऑफ़ क्रेडिट से अलग होती है। हालांकि दोनों ट्रेड फाइनेंस या ट्रेडिंग फाइनेंस में उपयोग की जाने वाली नॉन-फण्ड बेस्ड क्रेडिट फैसिलिटीज़ हैं, लेकिन दोनों ही अलग-अलग वित्तीय साधन हैं। आपको कोलैटरल के साथ बैंक गारंटी शुल्क का भुगतान भी करना होता है। बिड बांड या अर्नेस्ट मनी डिपॉज़िट (EMD) जमा करते समय बैंक गारंटी का उपयोग बिडिंग और ट्रेडिंग में भी किया जाता है। Share this Video: https://youtu.be/0UiLLhNhBiI Subscribe To Our Channel and Get More Property and Real Estate Tips: https://www.youtube.com/channel/UCsNxHPbaCWL1tKw2hxGQD6g If you want to become an Expert Real Estate investor, please visit our website https://assetyogi.com now and Subscribe to our newsletter. In this video, we have explained: What is a letter of credit? How the concept of the letter of credit works? What is the meaning of LC or letter of credit? What is the process of the letter of credit? How does letter of credit works? How letter of credit is different from bank guarantee? How letter of credit is used in import-export business or international trade? How many types of letter of credit are used in trade business? How credit facility is used or arranged for international trade business? How letter of credit helps to build trust in international trade when Buyer and Seller cannot trust each other? How issuing or opening bank, advising bank and negotiating bank are involved in the process of the letter of credit? What is the use of the bill of lading while using the letter of credit for import and export? What is the process of opening LC? What is the role of confirming bank in the letter of credit? Why a collateral is important for issuing a letter of credit? What are the advantages and of the letter of credit for sellers? What are the advantages and of the letter of credit for buyers? Make sure to Like and Share this video. Other Great Resources AssetYogi – http://assetyogi.com/ Follow Us: Facebook – https://www.facebook.com/assetyogi Twitter - http://twitter.com/assetyogi Instagram - http://instagram.com/assetyogi Linkedin - http://www.linkedin.com/company/asset-yogi Pinterest - http://pinterest.com/assetyogi/ Google Plus – https://plus.google.com/+assetyogi-ay Hope you liked this video in Hindi on “Bank Guarantee”.
Views: 268131 Asset Yogi
Imports, Exports, and Exchange Rates: Crash Course Economics #15
 
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What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1039311 CrashCourse
How Documents Against Payment works  in International Trade
 
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This video explains the workflow of a Documentary Collection Method – Documents Against Payment involving the Importer (Drawee), Collecting/Presenting Bank, Remitting Bank and Exporter (Principal) in diagrams and animation. Equipment Used : Laptop : https://amzn.to/2vfT0Yy Microphone Stand : https://amzn.to/2H0bzli Microphone : https://amzn.to/2IT3ob0 Audio Interface : https://amzn.to/2GTAcjn Earphones : https://amzn.to/2JGbipd Camera Stand : https://amzn.to/2JEHOIt Camera : https://amzn.to/2GVE4Ak Screen Prompt : https://amzn.to/2GVfhAF -- ► Subscribe to my Channel :  https://www.youtube.com/c/TradelinksResources ► Follow My Website: https://tradelinks.com.my/ -- This video was produced by 1. Mr. Billy Fong Goon Poy, ACIB, MITD, Master Trainer at Tradelinks Resources Sdn. Bhd 2. Ms Sook Ling, Online Content Creator at Tradelinks Resources Sdn Bhd Tradelinks Resources conducts public training programs for the following courses in Malaysia 1. Incoterms 2010 2. Letters of Credit 3. Bills of Lading - Correct Preparation To Avoid Rejection by Banks
Views: 18369 Tradelinks Resources
Letters of Credit - What is a Letter of Credit (Trade Finance Global LC Guide)
 
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Visit https://www.tradefinanceglobal.com/letters-of-credit/ for the TFG Letter of Credit Guide A Letter of Credit is relevant where there is an exporter and an importer; and there needs to be prepayment or a confirmation of payment in order for goods to be shipped. A letter of credit is an instrument from a bank, which guarantees a buyer's payment to a seller if certain criteria are met. If the buyer can’t pay up, due to the agreed contract through the Letter of Credit, the bank will cover the remaining price. Letters of Credit are fundamental components of international trade. They’re governed universally by a set of guidelines called the UCP 600, which are issued by the International Chamber of Commerce. An LC is a promise written on a legal document that comes from a bank with a promise to pay the holder if the holder fulfills certain obligations. Obligations include payment when the goods are shipped if certain criteria are met. A Letter of Credit is usually used when the buyer and seller do not know each other well and this is why it is used so frequently in international trade. Letters of Credit are incredibly specific and a close attention to detail is required. If there is a misspelling in the contract, for example, the name of the goods is incorrectly spelt, there may be non-payment until a new, corrected LC is issued and accepted.
Views: 79761 Trade Finance Global
Module 3 - Letters of Credit for Importers and Exporters
 
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Training on Letters of Credit including Documentary Credits, and International Payment Terms Dan Gardner - Trade Facilitators, Inc. www.tradefacil.com
Views: 19624 Trade Facilitators
Overview of International Payment Methods
 
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This video describes international payment methods such as Open Accounts, Cash Against Payment, Letters of Credit and Advance Payments.
Views: 23613 Ray Bowman
International Payment System
 
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Subject:Human Resource Management Paper: Performance and Compensation Management
Views: 530 Vidya-mitra
What is Trade Finance?
 
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http://www.tradefinanceglobal.com/finance-products/trade-finance/ What is Trade Finance? Transcript: Hi, I’m Sam, and I want to tell you all about trade finance, and along the journey, this might even help your clients. Did you know, around 80-90% of global trade is reliant on trade and supply chain finance, which is estimated to be worth around $10 trillion US dollars a year. We want to help explain some of the concepts behind trade finance, should it ever be useful for you to explain or help your clients. Sometimes banks might not be the best funding option. We’ve seen increasing regulation, reduced standard lending, and SMEs finding it difficult to access finance from traditional means. Is this really the case? Absolutely not! At Trade Finance Global, we help companies find debt funding. We’re impartial, flexible and work with most funders on the market to ensure SMEs really do get the most appropriate source of funding to help them grow. So what do we offer? In a nutshell, we offer business finance solutions, through our network of lenders to companies. This video covers trade finance – which is one type of debt finance, how it works, and everything you need to know to explain it. What is trade finance? Trade finance is an umbrella term encompassing many types of debt finance, including those which we offer, such as, invoice finance, factoring, letters of credit, forfaiting, export credit, open account, cash advance, documentary collections, guarantees and structured finance– some of which we will discuss in later videos. Today we’ll be talking to you about core ‘trade finance’ and how it works. Most people think that trade finance involves international trade, however, it often just involves domestic or internal trade. So, how does it work? A trade finance transaction will require a seller of goods and services as well as a buyer. A lender would come in and fund this trade. Trade finance is relevant where a seller requires a buyer to prepay for goods shipped. In traditional long-standing relationships, there is often a lot of trust between the seller and the buyer, where they may trade on open account terms. However, in most trading relationships, trade finance will be used. What is needed? As an example, the buyer wants to reduce their risk by asking the seller to document that the goods have been shipped. The buyer’s bank assists by providing a letter of credit to the seller (or the seller’s bank) providing for payment upon presentation of certain documents, such as a bill of lading. The type of document used in the process depends on the nature of the transaction and how evidence of performance can be shown (i.e. bill of lading to show shipment). Trade finance is the type of finance used by buyers and sellers to assist with the trade cycle funding gap. So, if you’re a UK buyer purchasing clothes from China, you might use a trade finance facility to mitigate and reduce risk. Lenders who assist with bridging this finance gap will normally require a number of elements to make sure that the transactions are safe, effective and secure. They will ensure: - Control the financial elements of the transaction - Monitor the trade cycle throughout the trade - Security of the goods and the debt, which is also known as a receivable What’s the risk? When trading goods, either the buyer or the seller will have to take some form of risk. A seller wants payment upfront, whilst a buyer would want to defer payment by receiving some form of credit terms. So how does trade finance help? It’s often difficult to convince a seller to provide extended payment terms, as they normally want the cash upfront. This is particularly difficult when trading with unfamiliar partners. Paying sellers up front for goods can be difficult when businesses are under pressure to sell products on to their end customers. With trade finance, payments are made directly to UK or overseas sellers, which bridges the funding gap between paying suppliers and being paid by customers. At Trade Finance Global, we know that standard forms of debt don’t work, and most business owners are not keen to put up standard security. Within trade finance, instead, it’s possible to use purchase orders, invoices, insurance and goods to be used as security. So, how does it work? Using a Trade Finance facility is straightforward: 1. Firstly, an order is placed with a supplier; 2. The funder then pays the seller upon guarantee of the goods being shipped. 3. Goods are shipped and delivered to the end customers of the company and 4. Finally, the buyer repays the lender. Depending on what is agreed, this may be within 90 days from the transaction date
Views: 57772 Trade Finance Global
Methods of Receiving Payments for Exports
 
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Payment collection for exports is not the same as in the case of domestic sales. Further, the risk of payment default is of a different nature in case of exports. In this video we explain Indian entrepreneurs the various methods of receiving payments against exports from India. This video is developed by the Office of the Additional Director General of Foreign Trade, Bengaluru as part of an initiative under the Niryat Bandhu Scheme of Government of India. Disclaimer :: This video is for information and educational purposes only . For detailed procedure you should refer to the Foreign Trade policy and the Handbook of Procedures available on http://www.dgft.gov.in
Payment terms in Export Import Business by Paresh Solanki || Payment Method in Export Import Busines
 
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Payment terms in Export Import Business by Paresh Solanki Online Exim Solution Export Import Practical Training Center NEXT BATCH : 06 to 09 December 2018 13 to 16 December 2018 20 to 23 December 2018 Special 4 Days Residential Training CONTACT US ON: Mobile no : +91 9714779191 Email ID : [email protected] Address : H – 611, Titanium City Center, Near Sachin Tower, 100 Feet, Anandnagar Road, Satellite, Ahmedabad – 380015, Gujarat, INDIA FaceBook :https://www.facebook.com/ExportImport... Linkedin : https://www.linkedin.com/in/paresh-so... Instagram : https://www.instagram.com/pareshsolan... Google+: https://plus.google.com/u/2/+pareshso... Twitter : https://twitter.com/PareshSolankiE We are Specialized in HOW TO FIND BUYERS
Views: 10282 Paresh Solanki
Balance of Trade - Import Export | Foreign exchange and trade | Macroeconomics
 
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This video is about balance of trade and balance of payment, how it affects a country’s economy. Current account deficit means the value of imports of goods / services / investment incomes is greater than the value of exports. The export import department of any nation are the main components of international trade. Trade balance economics is essential to understand in order to answer the question " what is balance of trade". --- click here to read the article version https://goo.gl/CUYdSs --- Click here if you want to subscribe https://www.youtube.com/user/TheRealSengupta
Views: 30808 Amit Sengupta
Using Letter of Credit for Export Payments
 
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In a previous video Niryat Bandhu explained to Nikkoo the various payment methods.One of which was Letter of Credit. Since LC method is an important method of payment we will explain them in more detail here. This video is developed by the Office of the Additional Director General of Foreign Trade, Bengaluru as part of an initiative under the Niryat Bandhu Scheme of Government of India. Disclaimer :: This video is for information and educational purposes only . For detailed procedure you should refer to the Foreign Trade policy and the Handbook of Procedures available on http://www.dgft.gov.in
Payment Methods in International Trade  basics 1
 
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Methods of payment used for settlement in International Trade
Views: 342 ska kumar
International Clearing and Settlement - Noyes 2013
 
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How do banks process international payments?
Views: 57161 Tom Noyes
Go Global - Financial - International Trade
 
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From methods of payment, currency fluctuation to foreign exchange hedging solutions, UOB discusses some factors to consider when dealing with international trade. Get more tips on exporting from Go Global at g.co/goglobal
Views: 1627 Google Singapore
How to Get Paid After Making an International Online Sale
 
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One of the most important parts of the eCommerce process is getting paid! You want to be rewarded for your hard work and business savvy—but receiving payments from overseas can be a bit more complicated than in the United States. A wide variety of payment methods are open to you that make the payment process quick and easy. The U.S. Department of Commerce’s new episode in the eCommerce video series explores different payment methods to choose from as well as tips and tricks for pricing your products. Watch the video today and learn how to get paid! For more: February 21, 2018
How Documents Against Acceptance works in International Trade
 
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This video explains the workflow of a Documentary Collection Method – Documents Against Acceptance involving the Importer (Drawee), Collecting/Presenting Bank, Remitting Bank and Exporter (Principal) in diagrams and animation. -- Equipment Used : Laptop : https://amzn.to/2vfT0Yy Microphone Stand : https://amzn.to/2H0bzli Microphone : https://amzn.to/2IT3ob0 Audio Interface : https://amzn.to/2GTAcjn Earphones : https://amzn.to/2JGbipd Camera Stand : https://amzn.to/2JEHOIt Camera : https://amzn.to/2GVE4Ak Screen Prompt : https://amzn.to/2GVfhAF -- ► Subscribe to my Channel :  https://www.youtube.com/c/TradelinksResources ► Follow My Website: https://tradelinks.com.my/ -- This video was produced by 1. Mr. Billy Fong Goon Poy, ACIB, MITD, Master Trainer at Tradelinks Resources Sdn. Bhd 2. Ms Sook Ling, Online Content Creator at Tradelinks Resources Sdn Bhd Tradelinks Resources conducts public training programs for the following courses in Malaysia 1. Incoterms 2010 2. Letters of Credit 3. Bills of Lading - Correct Preparation To Avoid Rejection by Banks
Views: 16728 Tradelinks Resources
#1| Balance of payment | Foreign exchange | Foreign exchange rate and methods
 
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This video is suitable for BALANCE OF PAYMENTS | BALANCE OF PAYMENTS MACROECONOMICS | BALANCE OF PAYMENTS IN HINDI | BALANCE OF PAYMENTS MRUNAL | BALANCE OF PAYMENTS EXPLAINED | BALANCE OF PAYMENTS UNACADEMY | BALANCE OF PAYMENTS ECONOMICS | BALANCE OF PAYMENTS CRISIS | BALANCE OF PAYMENTS AND EXCHANGE RATE | BALANCE OF PAYMENTS LECTURES IN HINDI | BALANCE OF PAYMENTS DEFINITION | BALANCE OF PAYMENTS BALANCE OF TRADE | BALANCE OF PAYMENTS BY CHANDAN PODDAR. To watch complete course click here :- https://www.vidyakul.com/super-saver/super-saver-by-chandan-sir For Videos related call at :- 9818434684 For Books related enquiry :- 8010201786 For any other Enquiry :- 9953633448 Mail ID :- [email protected]
Financing Your Exports and Getting Paid
 
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In this webinar, you will learn the basics of trade finance and what you need to know about getting paid for exports. You will learn about the range of payment methods used in export transactions and how to evaluate which is best for your business. You will also learn about letters of credit and U.S. government programs for financing exports including a program that enables buyers to purchase your product or service. For more information, visit http://export.gov/webinars/eg_main_033807.asp May 25, 2011
S.# 221 DAP Payment Method is Safe OR Not? / import Export Tutorial
 
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“Export Documentation Channel” provides Free Imports Exports online Training. “Export Documentation Channel” covers “INCOTERMS” “PAYMENT TERMS” “CUSTOMS CLEARANCE” “LETTER OF CREDIT” and all necessary topics. Please share “Export Documentation Channel” with your friends. #importexportcourse #exportdocumentation #freeonlinetraining #HowtoStartimportexportbusiness #letterofcredit #importexportbusinesstips #InternationalTrade #ImportExportBusinessKaiseKare #Letterofcredittypes #ExportProcedure
Letter of Credit | LC |  Full Process & Basics
 
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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 dispatch of goods. Letter of Credit (LC) is also known as Documentary Credit and it is the part of Trade Finance.
Views: 55890 The Known India
Risks and Payments in International Business, Export & Import Winning in the Global Marketplace
 
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Risks and Payments in International Business, Export & Import Winning in the Global Marketplace, - A practical hands-on guide to success in international business, with exercises + 100s of real -world examples. This is a short synopsis from the chapter; Risks and Payments in International Business - This video will give you examples of different risks when conducting international business. We will cover topics like political risks, country risks, commercial risks, bank risks, currency risks and much more. The video also exemplifies how to find the appropriate information and ways of minimizing the risks. More information: http://exportpro.com Start the course from the beginning: https://www.youtube.com/playlist?list=PLszDsigvRQLnokrl6Lp-7eI7JDUaNaBS- Next video in series, Importing: https://youtu.be/Z4dKY4x-6BA?list=PLszDsigvRQLnokrl6Lp-7eI7JDUaNaBS-
Views: 1340 Export Pro Inc
Exporting Methods of Payments
 
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This video talks about the various exporting methods of payments; payment in advance, letter of credit, documentary collection and opening an account where it explains each method with its related trade relationship and risk to exporter. For more videos, please visit our website http://www.potential.com This video is part of the Khalifa Fund training Program, a free online training program that supports and supplies SMEs with free seminars, funding opportunities and exposure!
Views: 359 SME Toolkit UAE
Balance of Payments _ Part1 _ Foreign Exchange Rate _ Mauli Gupta
 
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Excited to share video lectures from the brightest students at IIT & Delhi University. Learner (www.learner.in) is India's largest platform where Students TEACH Students. Download App at http://bit.ly/2l3zRzq and call us at 011-41082172 to get access code. Prepare for Boards for CBSE syllabus, NCERT Pattern, Class 12th. Download app from http://app.learner.in or visit website at http://www.learner.in to get more videos, notes & questions.
Views: 67294 learner.in
#76, Balance of payment |  structure and component (Class 12 macroeconomics)
 
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Class 12 macroeconomics.... Balance of payment..... Structure of balance of payment.... Current account Capital account... Contact for my book 7690041256 Economics on your tips video 76 Our books are now available on Amazon Economics on your tips Macroeconomics ( new edition ) https://www.amazon.in/dp/B07R561YKH/ref=cm_sw_r_cp_apa_i_3wVXCbE2Z9DZE Economics on your tips Microeconomics http://amzn.in/d/cZykZVK Official series of playlists UG courses ( bcom, bba, bca, ba, honours) – https://www.youtube.com/playlist?list=PLgC10_Xv-BGirAqOr-hU8e-N_Nz0UpgJ- Micro economics complete course – https://www.youtube.com/playlist?list=PLgC10_Xv-BGg5n3YU6oEV7_HIzBuEbbOz Macro economics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGg2ORORpILqiDR1gyH3MkXw Statistics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGjrAkDyeMioJ7DEexAEeVdt National income – https://www.youtube.com/playlist?list=PLgC10_Xv-BGjpE-1V4uz_0wvvbZQnSsj_ In order to promote us and help us grow Paytm on - 7690041256
Views: 479603 Economics on your tips
INTERNATIONAL TRADE FINANCE METHOD
 
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INTERNATIONAL TRADE FINANCE, BUYERS CREDIT, SUPPLIER CREDIT
Methods of Trade Settlement | Letter of Credit
 
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http://www.learnonline2u.net Tutorial on Letter of Credits (LC) for students studying International Trade and Finance by H.W. Nawawi a former banker in Kuala Lumpur (Facilitator and lecturer). Tutorial 1 http://youtu.be/72Q5EzZwMBo Tutorial 2 http://youtu.be/GLA_VRtRttU Tutorial 3 http://youtu.be/zDlpgDNIE7U
Views: 11536 zelot
Trade Finance: Methods of Payments
 
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Check out the full course at: https://www.knowledgecity.com/en/library/10005/banking/trade-finance/course/trade-finance-methods-of-payments. Finance for importers and exporters is fundamental to their business. This course is designed to teach general concepts which will introduce the technical components of trade finance. In this course, you will learn about the methods used to finance trade including: cash in advance, letters of credit, documentary collections, and open account terms. Course Lessons Welcome Introduction. The Global Marketplace. Cash in Advance. Cash in Advance Payments. Letters of Credit. Documentary Collections. Open Account Terms. Conclusion. https://www.knowledgecity.com | Online Employee Training Platform. KnowledgeCity offers 12,000+ online video tutorials in Business, Computer, Safety, Compliance, and Finance. Subscribe to our YouTube Channel: https://www.youtube.com/user/knowledgeocity?sub_confirmation=1 Check our Blog: https://goo.gl/q47XKK Connect with KnowledgeCity! Twitter: https://goo.gl/wToC6s Facebook: https://goo.gl/3eMEq9 LinkedIn: https://goo.gl/vg1aXt Google+: https://goo.gl/Gjkffm
Views: 152 KnowledgeCity
How to get paid on time and in full – understanding international payments.
 
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In June 2015 Open to Export hosted the ‘How to get paid on time and in full’ webinar with Kevin Shakespeare (Institute of Export) and Andrew McCaughren (HSBC) speaking and answering questions. The key takeaways from the webinar were the following: • Establish what your trade cycle looks like • Consider the appropriateness of your payment method • Assess the credit worthiness of a new buyer • Consider options like part or staged payments as an alternative to open account. • Trading in the local currency can give you a competitive advantage • Banks can provide immediate cashflow by purchasing the trade debts in a Receivables Finance arrangement. • Know when you are passing on the transportation risk using Incoterms You can read articles with further information and guidance relating to these questions on our Pricing and Getting Paid section. http://opentoexport.com/steps/pricing-and-getting-paid/ Questions and Answers How do you deal with currency fluctuations such that you mitigate the risk of the exchange rate swinging in the buyer’s favour? (41:40) What is the average cost of a letter of credit and how do you factor that cost into your export? (46:40) If I have been given a Purchase Order can I get cashflow finance from the bank against it? (53:12) Paypal is a decent and simple way for taking payments – but is there a larger cost than necessary using it? (55:12) Open to Export hold monthly webinars about the different opportunities and challenges involved in exporting. Check out our upcoming webinars page for more details. http://opentoexport.com/info/upcoming-webinars/
Views: 987 Open to Export
Methods of Trade Settlement | Introduction
 
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http://www.learnonline2u.net Tutorial on Letter of Credits (LC) for students studying International Trade and Finance by H.W. Nawawi a former banker in Kuala Lumpur (Facilitator and lecturer). Tutorial 1 http://youtu.be/72Q5EzZwMBo Tutorial 2 http://youtu.be/GLA_VRtRttU Tutorial 3 http://youtu.be/zDlpgDNIE7U
Views: 7941 zelot
International Trade Finance (com) A
 
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International Trade Finance (com) A For more information: https://www.eventbrite.com/e/international-trade-finance-com-a-tickets-38869709347?aff=RMV DESCRIPTION *********** International Trade Finance This is an intensive 2-day primer for banking & financial professionals on International Trade Finance. This course has been tailored for professionals in banking, commerce and trade & industry who need to gain a closer understanding of International Trade Finance. The course provides a comprehensive foundation for understanding all aspects of International Trade Finance in a global context, covering the key principles, concepts, infrastructures, practices, issues, and current developments. Learning Objectives: ********************* The course includes critical subject material on, among others: The underlying operations and processes in the international trade environment Foreign exchange & currency principles How trade finance is provided Trade finance instruments Open Account Payment/ Cash in Advance Documentary Collections Documentary Credits Seminar Fee Includes: ********************* Lunch AM-PM Tea/Coffee Seminar Material Attendance Certificate $100 Gift Cert for next seminar Pre- and post-shipment finance International payments CHIPS Correspondent Banking CLS and its role in settling international trade payments Supply Chain Finance Operating Examples of Various Trade Finance Instruments This course will be of especial interest to banking & commercial professionals who wish to expand their knowledge base enhance their expertise and advance their careers into the international trade finance arena. For more information: https://www.eventbrite.com/e/international-trade-finance-com-a-tickets-38869709347?aff=RMV Who will Benefit: ***************** The course will be of value to professionals in the following areas: Commercial bankers from front/middle/back offices Commercial bankers dealing with the Forex market International division bankers Trade finance supervisors and managers Trading company managers, senior and operations staff Risk managers and risk management officers Trading company, multinational corporate & treasury staff Internal & External Auditors Central Bank and Monetary Authority regulators Teaching Method: **************** This is a highly interactive course is comprised of a combination of prepared tuition, presentations, case studies, multidirectional discussions and comprehensive exercises. Most importantly it will offer participants, opportunities to plan such work within small working groups, providing practice in the application of the techniques and tools generating active participation. -------------- SPEAKER -------------- Richard Barr Operational Risk & Back Office Specialist Richard Barr , holds a B.S. in International Business Administration from San Jose State University in California. His professional experience spans over 23 years, 5 of which were spent with Wells Fargo Bank. Another 5 were spent honing his global banking skills, when Richard was intimately involved with International Trade Finance, Real Time Gross Settlement and Cross Border Banking. The past 14 years have been in the private and high-tech sectors providing high-level consulting services, business analysis, project management and training to a wide range of banking clientele across the globe. Richard has also filled the role of advisor to central banks on payment systems and technical payments issues. Furthermore, key staff members from the Bank of England, South African Reserve Bank, Central Bank of Ireland, Bank Indonesia, European Central Bank and Bank of Portugal have attended training sessions presented by Richard. Please contact the event manager Marilyn below for the following: - Discounts for registering 5 or more participants. - If your company requires a price quotation. Event Manager Contact: marilyn.b.turner(at)nyeventslist.com You can also contact us if you require a visa invitation letter, after ticket purchase. We can also provide a certificate of completion for this event if required. ---------------------------------- For more information: https://www.eventbrite.com/e/international-trade-finance-com-a-tickets-38869709347?aff=RMV Eventbrite: https://www.eventbrite.com/o/event-promotions-by-new-york-events-list-11118815675 Twitter: https://twitter.com/nyeventslist Facebook: https://www.facebook.com/NewYorkEventsList New York Events List: http://nyeventslist.com/
Disequilibrium in BOP , Types of disequilibrium, causes
 
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What is Balance Of payment : https://youtu.be/gkL14rKAzb0
Views: 13958 commerce point
International Payment Methods - Escrow, Paypal, Bank Transfer
 
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International Payment Methods and Practices - Make it happen with Alibaba.com. Choosing the right payment method and following the best international practice doesn't have to be a taxing process. Alibaba.com can help you make it happen, as testified by Ashley Payne. Ashley Payne, managing director of Stocksourcing, talks us through his experiences of using Alibaba.com to reach and sell to the global client base as a Gold Supplier. Ashley advises on the pros and cons on the most common international payment methods, including bank transfer (T/T), card payment, Escrow, PayPal, and Western Union. Alibaba.com and Ashley Payne have come together to guide you through the selection of the payment method based on your business needs and level of security. Another important consideration is the exchange rate. A forward contract is essential when dealing with international suppliers, as this ensures that factors like the fluctuation of exchange rates do not change the value of any orders. The mission of Alibaba.com is "To Make it Easy to Do Business Anywhere". We've launched a series of educational videos in the Knowledge Centre featuring Alibaba.com real customers and industry experts to inspire and encourage other business owners and SMEs to venture into importing and exporting. No matter you are an importer, a wholesaler, or a retailer and at what stage your business is, the Knowledge Centre provides contents to help you get through to the next business stage. With over 1 million registered members in UK, make it happen with Alibaba.com now. Register with Alibaba.com at http://uk.alibaba.com/uk/win.html?src=ibdm_d02p0361e11r04 and win up to £1,000 worth of business or import/export training courses!
Views: 39763 Alibaba UK
International Trade & Balance of Payment | Measures of Dispersion | Banking System | Economic videos
 
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To watch all videos on Banking System, visit playlist: https://www.youtube.com/playlist?list=PLU2YP04_LRDvLPSgGPkw603fWL5kFtU9f International Trade & Balance of Payment | Measures of Dispersion | Banking System | Economic videos | Mathur Sir Classes #BankingSystem #Economics #bcom #CA #CS #bba #MathurSirClasses If you like this video and wish to support this EDUCATION channel, please contribute via, * Paytm a/c : 9830489610 * Paypal a/c : www.paypal.me/mathursirclasses [Every contribution is helpful] Thanks & All the Best WE NEED YOUR SUPPORT TO GROW UP..SO HELP US!! Hope you guys like this one. If you do, please hit Like!!! Please Share it with your friends! Thank You! Please SUBSCRIBE for more videos. Music - www.bensound.com Video Recording and Editing by - Gyankaksh Educational Institute (9051378712) https://www.youtube.com/channel/UCFzUEzxnRDsbWIA5rnappwQ
Views: 266 Mathur Sir Classes
Import and Export Payment Methods
 
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Import and export payment methods play key role in financial transactions between various countries. World Bank acts at the governing body in these methods. Banker’s Acceptance, Working Capital Financing, Medium-Term Capital Goods Financing and Countertrade are the prominently used methods during import and exports.
Views: 129 Vertidigm
Fin 225 Chapter 19 Financing International Trade Mind Map Dr George Mochocki
 
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5 Payment Methods for Int'l Trade Prepayment Letters of Credit (L/C2) Drafts Consignment Open Account Impact of Credit Crisis on the Payment Methods 2. Trade Finance Methods 1. Accounts Receivable Financing 2. Factoring 3. Letters of Credit (LC) 4. Banker’s Acceptances 5. Working Capital Financing 6. Medium-Term Capital Goods Financing (Forfaiting) 7. Countertrade 3. Agencies that Motivate International Trade
Views: 554 DrMochocki
Can We Take Export Payment from PayPal & Western Union || Import Export Business || Paresh Solanki
 
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Online Exim Solution Export Import Business Training Cente CONTACT US ON: Mobile no : +91 9714779191 Email ID : [email protected] Address : C -- 302, Titanium City Center, Near Sachin Tower, 100 Feet, Anandnagar Road, Satellite,a Ahmedabad – 380015, Gujarat, INDIA FaceBook : https://www.facebook.com/ExportImportPracticalTraining/ Linkedin : https://www.linkedin.com/in/paresh-solanki-b1b5ab82/ Instagram : https://www.instagram.com/pareshsolanki_exim/ Google+: https://plus.google.com/+pareshsolankipareshsolanki Twitter : https://twitter.com/PareshSolankiE We are Specialized in HOW TO FIND BUYERS
Views: 1259 Paresh Solanki
Moneytory Approch to blance of Payment (ECO)
 
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Subject : Economic Paper :Advanced Macroeconomics
Views: 3707 Vidya-mitra