Letter of Credit in Hindi | What is LC in Hindi? | हिंदी में जानिए LoC क्या है?

Letter of credit is explained in detail in Hindi in this video. LoC is a very important tool for international import and export trade. Also this is very important from the exam point of view and many questions normally come from this particular section.

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Also explained in this video

  1. What is letter of credit?
  2. Process of letter of credit
  3. What is issuing Bank?
  4. What is negotiating Bank?
  5. What is advising Bank?
  6. What is reimbursing bank?
  7. Green clause Loc
  8. Red clause LC
  9. Standby LC
  10. Performance standby LoC
  11. Financial standby LC
  12. Transferable LoC
  13. Revocable LC
  14. Irrevocable LC
  15. Confirmed LC
  16. Sight LC
  17. Usance LoC
  18. Back to back LoC

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