In these videos, exporters will learn about letters of credit and why they exist and who benefits from them. They will also learn about the 2010 Incoterms and which Incoterms requires the letters of credit.
Last Published: 11/21/2018

What Is a Letter of Credit

Learn about the letter of credit as the dominant payment method, as well as know who the key participants are in the letter of credit and who should the letter of credit benefit?


Download Video [13MB]
 

How Does a Letter of Credit Work

This video will teach you the Letter of Credit process, and includes 20 key elements to negotiate, explains why beneficiaries still struggle with the Letters of Credit, identifies who should set the Letter of Credit terms, and covers what exporters need to know. The video also covers a sample Letter of Credit. 


Download Video [19MB]

 

Trade Documents and UCP 600

This video helps you understand the ins and outs of a standard trade document, the UCP 600 – Article 5, and describes where exporters can get a copy of the UCP 600. 


Download Video [10MB]


Incoterms Basics

This video explains Incoterms and demonstrates how they are used. Also covered are the C’s, D’s and F’s Incoterms, as well as the Incoterm chart.


Download Video [28MB]

 

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.