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: 52272 Tradelinks Resources
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: 982871 CrashCourse
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
Views: 13699 International Trade Administration
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: 16228 Tradelinks Resources
The shipment of an export item from the seller's warehouse to the buyer involves various steps including packing, loading, domestic inland transport, terminal port's charges, loading on to the ship/flight, Insurance & Freight charges, arrival charges, Duties and taxes and finally the delivery to the buyer. While the buyer would definitely pay for the export item, there might be confusion about who would pay for the additional costs ? This is determined by the International Commercial(INCO) terms which the buyer and seller agree to. These INCO terms are discussed in this video. 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 more details contact you may contact a DGFT office
Views: 53249 Directorate General of Foreign Trade
Understanding the United States Current Account in 2011 Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/forex-trade-topic/current-capital-account/v/balance-of-payments-capital-account?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/income-and-expenditure-topic/is-lm-model-tutorial/v/government-spending-and-the-is-lm-model?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 357667 Khan Academy
In this video I explain the Balance of Payments with the current and capital (financial) account. Keep in mind that when a country has a deficit in one account they must have a surplus in the other account. Thanks for watching. Please subscribe. To learn about misconceptions about the minimum wage, click here https://www.youtube.com/watch?v=4GIdROzO94M To learn more economics, click here https://www.youtube.com/watch?v=HQkVO2PsxFw Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Check out my Review Apps for Macro and Micro https://itunes.apple.com/us/app/ap-macroeconomics-review/id634270093?mt=8 Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 361541 Jacob Clifford
How and why a central bank would build foreign currency reserves Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/forex-trade-topic/currency-reserves/v/using-reserves-to-stablize-currency?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/forex-trade-topic/current-capital-account/v/why-current-and-capital-accounts-net-out?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 127693 Khan Academy
DHL U.S. is debunking common exporting myths to make it easier for small businesses to set their sights on international markets. In fact, more than 75% of the world’s purchasing power resides outside of the U.S., so for small businesses looking to grow, barriers are shrinking.
Views: 91534 DHL
Download IncoTerms chart here: https://www.incodocs.com/blog/incoterms-the-complete-guide/ When exporting and importing in International Trade, the buyer and seller must agree to sell goods based on IncoTerms Ex Works EXW, Free to Carrier FCA, Free Along Ship FAS, Free On Board FOB, Cost and Freight CFR, Cost Insurance Freight CIF, Carriage Paid To CPT, Carriage and Insurance Paid to CIP, Delivered At Terminal DAT, Delivered Duty Paid DDP, are International Commercial Terms that are published by the International Chamber of Commerce. Learn documents to improve your supply chain, logistics and export business. Importers and Exporters use IncoDocs to streamline trade documentation https://www.incodocs.com/
Views: 79577 Inco Docs
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
Views: 10063 International Trade Administration
4 Methods of Payment used in International Trade are Open Account, Advance Payment, Documentary Collection & Documentary Credit For importer & exporter, both party have to understand what the methods of payment in International Trade are. The video talks about when the goods are available to the Importer & exporter, the timing of the payment & the risks to the Importer under the different method of payment. 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. Subscribe to my Channel - Skillmade Want to find Skillmind elsewhere on the internet? Facebook - https://www.facebook.com/Skillmade-217319362188136 Or Facebook - https://www.facebook.com/sirajul.emon Twitter - https://twitter.com/skillmade21 Kids: https://www.youtube.com/channel/UC4z8FIUbQlDkgp0uZVZ93gg This video was produced by Sirajul Hoque Emon Master Trainer Gmail: [email protected]
Views: 286 Skillmade
In this show we shall get down to the "real thing" in banking i.e. Foreign Trade and Related Terms.This topic is very important for upcoming exams like SBI PO, LIC, SBI PO 2017, RAILWAYS, CLERK, IBPS,SSC CGL and other competitive exams Adda247 Youtube channel is India's most popular channel for Online Coaching for IBPS Bank PO Exams and Online Coaching for SSC CGL. 1. To get all latest videos in your mailbox, subscribe to our youtube channel - https://www.youtube.com/adda247live 2. Get all updates on facebook, like us our facebook page - https://www.facebook.com/adda247live 3. Join us at twitter - https://twitter.com/adda247live
Views: 55081 Adda247 : Bank & Insurance
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: 52914 Trade Finance Global
Understanding how changes in foreign ownership of assets effects balance of payments Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/forex-trade-topic/current-capital-account/v/why-current-and-capital-accounts-net-out?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/forex-trade-topic/current-capital-account/v/balance-of-payments-current-account?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 202752 Khan Academy
What is globalization? Is globalization a good thing or not. Well, I have an answer that may not surprise you: It's complicated. This week, Jacob and Adriene will argue that globalization is, in aggregate, good. Free trade and globalization tend to provide an overall benefit, and raises average incomes across the globe. The downside is that it isn't good for every individual in the system. In some countries, manufacturing jobs move to places where labor costs are lower. And some countries that receive the influx of jobs aren't prepared to deal with it, from a regulatory standpoint. Anyway, Jacob and Adriene can explain the whole thing to you in 10 minutes. *** 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: 679135 CrashCourse
Goods made in India get import duty benefits if covered under a Free Trade Agreement that India has signed. However, a good imported from another country may be re-exported from India falsely stating that the good was made in India. To prevent such and other issues we have rules of origin. To prove that a good satisfies the rules of origin, a document called Certificate of Origin (CoO) is issued. This video covers some of these basic details. This video is developed 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
Views: 4500 Directorate General of Foreign Trade
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. Trade documentation may look lengthy and confusing to a new entrepreneur. To help out, this video will explain the various steps in an export shipment from India. This involves the various regulatory steps required by the offices of the Government of India and the commercial documents which are part of any international shipment. 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
Views: 166647 Directorate General of Foreign Trade
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: 124 KnowledgeCity
SUBSCRIBE CHANNEL FTP PART 2: https://youtu.be/ivQV_GpI0CQ DOWNLOAD LINK FOR FTP NOTES: https://drive.google.com/file/d/1mIv9LOcEMQ0968SEziDFF0YxuYyF1q-J/view?usp=sharing
Views: 21274 FINANCE GYAN
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: 14331 Tradelinks Resources
Learn more here: https://bit.ly/2ShPRPx Here' why you'll never make money in Forex. It's all because of the Forex cycle of doom. Many aspiring traders who are trying to make money in Forex don't know they're falling victim to it. The Forex cycle of doom is all about how you find a strategy, trade it, experience some losses, dump it and then find it a new strategy. It's the main reason why you'll never make money in Forex.
Views: 886434 ForexSignals TV
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: 72011 Trade Finance Global
1. Impediment in the Development of Home Industries. 2. Dependence on foreign goods creates difficulties in time of war when the country is cut off by enemy action. 3. There can be severe exchange rate risks. 4. Mis-utilisation of Natural Resources: Excessive exports may exhaust the natural resources of a country in a shorter span of time than it would have been otherwise. 5. Countries which sell primary commodities and buy manufactured goods in return are losers. 6. International trade also presents cultural complications. 7. It has a credit risk that must be specifically managed. 8. Import of Harmful Goods: Import of spurious drugs, luxury articles, etc. adversely affects the economy and well-being of the people. 9. Through foreign trade, the economic troubles of one country are transmitted to others. 10. International trade increases the risk of proprietary information theft. 11. Danger to International Peace: 12. World Wars: 13. Foreign trade may completely exhaust a country’s natural resources like coal and oil which are irreplaceable. 14. There is always a political risk involved with international trade.
Views: 2440 Patel Vidhu
Download more lessons at http://businessenglishpod.com In this Video Vocab lesson, we'll look at business English vocabulary, words and phrases for international trade.
Views: 236292 Business English Pod - Learn Business English
What would happen in the world and in United States if USA defaulted on it's debt? SUBSCRIBE TO US -► http://bit.ly/TheInfographicsShow -------------------------------------------------------------------------- WEBSITE (SUGGEST A TOPIC): http://theinfographicsshow.com SUPPORT US: Patreon.......► https://www.patreon.com/theinfographicsshow CHAT WITH ME: DISCORD.....►https://discord.gg/theinfographicsshow SOCIAL: Twitter........► https://twitter.com/TheInfoShow Subreddit...► http://reddit.com/r/TheInfographicsShow -------------------------------------------------------------------------- Sources for this episode: https://pastebin.com/gPeUjWaj Some Images used under license from Shutterstock.com
Views: 1844969 The Infographics Show
International trading involves many participants all around the globe. These participants may not necessarily have the needed trust of all parties, especially at the initial stages, when newcomers join the trade. Blockchain can provide the needed trust to capture key transaction activities as immutable records, as well as storing and sharing encrypted legal and financial documents. Visibility of transaction records and documents are tightly controlled by blockchain, permitting sharing only among entrusted and allowed parties. In this demo, IBM demonstrates how blockchain may support such an application.
Views: 36781 IBM Research
India's Foreign Trade After Independence | Class 11 Economics India's Foreign Trade by Parul Madan Scholarslearning.com is an online education portal that provides interactive study material for students of classes 6th to 12th for CBSE. Complete with elaborate live classes, multimedia tutorials, interactive exercises, practice tests and expert help, we endeavor to make school easy for students and help them score more. We also provide free NCERT solutions, subject-wise synopses and chapter-wise revision notes for classes 6th to 12th for a thorough understanding of concepts right from a basic to an advanced level of difficulty. Download scholarslearning app from android and ios .
Views: 3535 Scholarslearning Classes
Please watch: "Features and Registration on Eway Portal - Part 1 " https://www.youtube.com/watch?v=JZsR1NXWTvw --~-- Contents Introduction: 1 Method of Export under GST 1 Purpose of Bond or LUT: 1 Who can issue: 2 Steps for Export: 2 Documents required for Bond / LUT 3 Export Procedure under GST Introduction: We will understand following: 1. Method of Export under GST 2. Detail of Export Procedures under Bond/LUT 3. Step by Step approach for Export 4. Documents required Method of Export under GST There are two method of export has been defined under GST. A. Export on payment of IGST B. Export on Non Payment of IGST Export under Non – Payment of IGST can be done as follows i. Export against Letter of Undertaking (LUT) ii. Export against Bond with Bank Gurantee Purpose of Bond or LUT: The purpose of Bond or L U T is to bind Exporters to pay tax along with interest under GST. In the case of Export of Goods, Exporters bind himself to pay tax along with interest with in days 15 after the expiry of 3 months from the date of issue of the invoice for export, if the goods are not exported out of India. In the case of Export of Services, Exporters bind himself to pay tax along with interest with in 15 days after the expiry of 1 year, or any extended period, from the date of issue of the invoice for export, if the payment of such services is not received by the exporter in convertible foreign exchange. Who can issue: D.1. Following person can export against L U T 1. Status Holder in Paragraph 5 of the Foreign Trade Policy 2015-2020. 2. Registered Person received foreign inwards Remittances - Amounting minimum of 10% of Export Turnover which should not be less than 1 cr in preceding financial Year. 3. Registered person not prosecuted for any offence under CGST act / any existing law where tax evaded not exceed 2.5 cr D.2. Any registered person who cannot export against L U T, can export against BOND. Steps for Export: Step – 1 - Preparation of Bond / L U T. Preparation of Bond or L U T by exporter in the prescribed format. Step – 2 - Prepare GST RFD – 11 Filling of GST R F D - 11 along with all relevant details before initiating Export transaction. Step – 3 - Furnishing GST R F D - 11 Furnishing RFD - 11 along with bond or L U T to J C/ A C/ D C. Step – 4- Doing Export Transaction Doing Export Transaction and Creating Export Invoices with endorsement Step – 5 – Furnishing Monthly Return Furnishing monthly Return with in due dates and claim refund of available ITC.
Views: 9604 V J M & Associates LLP
Video Name: Export-Import LC. Letter of Credit. Documentary Letter of Credit Hello Friends, Please see this video for getting more knowledge about Export & Import LC. Same LC would be termed an Import LC by the Importer & an Export LC by the Exporter. when you are exporter than say export LC and other side if you are importer you can say this import LC. at our previous video we have discussed the LC definition & transaction process. also discussed revocable & irrevocable LC. Please Like, Share & Subscribe our channel to get clear ideas for more commercial knowledge. our next video will coming soon........... i tutorial follow us: Facebook page : https://www.facebook.com/I-tutorial-1816848545310862/?ref=aymt_homepage_panel Google+ : https://plus.google.com/u/0/107998513185302963581 LinkedIn : https://www.linkedin.com/in/i-tutorial-760b46147/ Twitter: https://twitter.com/itutorialbd Share this Video Video Name: Export-Import LC. Letter of Credit. Documentary Letter of Credit use keyword: trade finance lc finance letter of credit cost documentary letter of credit credit expert tt payment lc payment process sblc types of letters bank guarantee standby letter of credit different types of credit export lc import lc lc meaning lc payment meaning business loan line of credit letter of credit from bank buyer credit export import business i tutorial commercial video new video 2017 lc payment system letter of credit commercial tutorial
Views: 5589 i tutorial
Our channel, Hitbullseye, is committed to serve the student community by posting the best content possible on preparation material for MBA entrance exams and other competitive exams like CAT, SNAP, XAT, IIFT, SSC, Bank PO, CMAT, NMAT, CSAT, GRE and others. If you are preparing for any of these exams or even looking for concept clarity on any of the topics of quantitative aptitude, verbal reasoning, data interpretation or logical reasoning, our channel caters to all these sections and we would love to serve you better in these and many more fields of competitive MBA examination preparation. If you want to prepare for an MBA competitive exam under highly trained faculty having a teaching experience of decades, get access to syllabus of all competitive exams, test yourself on a comprehensive testing platform, then visit our website at www.hitbullseye.com and you can choose from various options available for online courses and also classroom coaching. To get regular updates on all new videos, subscribe to our channel here https://www.youtube.com/c/hitbullseye?sub_confirmation=1 Visit our website for more information at http://www.hitbullseye.com/ To download our app and stay in touch with your preparations on the move, click here http://mba.hitbullseye.com/mbamobileapp/ You can even follow us on social media on the following links: Facebook: https://www.facebook.com/hitbullseyedotcom Instagram: https://www.instagram.com/hitbullseye/ For any query, doubt, suggestion or a request to see a video on a topic you want, let us know in the comments section below. Happy preparations, Team Bulls Eye :)
Views: 8555 HitBullsEye
-- Created using PowToon -- Free sign up at http://www.powtoon.com/youtube/ -- Create animated videos and animated presentations for free. PowToon is a free tool that allows you to develop cool animated clips and animated presentations for your website, office meeting, sales pitch, nonprofit fundraiser, product launch, video resume, or anything else you could use an animated explainer video. PowToon's animation templates help you create animated presentations and animated explainer videos from scratch. Anyone can produce awesome animations quickly with PowToon, without the cost or hassle other professional animation services require.
Views: 58393 Wian Guse
India’s free trade agreements (FTAs) and Preferential Trade Agreements (PTAs) may be seen as a measured and calibrated exposure of the Indian economy to international competition. Here Niryat Bandhu will explain to Nikkoo some details about FTAs. 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
Views: 11611 Directorate General of Foreign Trade
Welcome to the second video in ANZ's Trade Finance Education Series - "Trade Finance in the Spotlight". In this series of videos we will be discussing a range of Trade Finance products and concepts. We will discuss the pros and cons of trade products, how they work and when they should be used. In this episode we will introduce documentary collections and the key considerations for the buyer and seller prior to making use of this trade instrument. Stay tuned for upcoming videos featuring more information on Trade Finance products and concepts. Also take a look at the Trade Finance Podcast Series for information on Incoterms 2010! DISCLAIMER: 'The information on the page and in the videos and podcasts is by way of guidance and education only and does not constitute advice or an offer to finance. Nor does it take into account your personal needs and financial circumstances. It should not be relied upon as authoritative and complete or taken in substitution for the exercise of judgment by any recipient or the recipient consulting its own legal, accountancy, tax and technical advisers before taking any action. ANZ is not liable in any way for any loss or damage, whether direct, indirect, consequential or otherwise howsoever arising out of or in connection with or from any use of the contents of and/or any omissions this page or the videos. Information contained in on this page and in the videos is strictly confidential. It is the property of ANZ. As such, no part of it may be circulated, copied, quoted or otherwise referred to another party without prior written consent of ANZ.'
Views: 56850 ANZ Australia
CA Dhruv Agrawal,B.com.,LLB,FCA,CS,AIIA(USA) Co chairman Interntional Council of jurists,London , has a unique distinction of qualifying Chartered Accountancy at the youngest age of nineteen years. He was instrumental in getting amendment for the CA Act in Parliament in 1988. He was invited by ministry of law of Thailand for making judiciary of Thailand independent along with advocate generals and other legal personalities of India and has the privilege of addressing Thailand's legal personalities in front of king of Thailand. He has been awaded scroll of Honour by Chief Justice of UK in 2009.
Views: 33128 ca final
Please Help Me To 100,000 Sub : AMERICA BREAKING NEWS : https://bit.ly/2DuahBo Watch as the Venezuelan Army Tries To Scare U.S. Marines A video that was allegedly produced by the Venezuelan government to try and scare U.S. Marines from intervening in that country was recently posted on Facebook. The video was posted with a caption that read, according to Google Translate “ATTENTION: It is not a video of a humorous television program, it is a video of the Venezuelan government to scare the US Marines.” Watch as the Venezuelan Army tries to scare U.S. Marines: As you might guess, the video has failed to scare even a single U.S. Marine. Meanwhile the rapid meltdown of social and economic order in the Venezuelan socialist paradise continues to accelerate. In San Antonio del Tachira, like scores of Venezuelan towns near the border with Colombia, if you want to buy food or medicine it is no use amassing huge piles of bolivar currency. You need Colombian pesos or U.S. dollars. Hyperinflation running above 2 million percent per year in Venezuela has made the Venezuelan bolivar practically worthless. For those without electronic payment cards, foreign currency has become the only practical means of trade within the South American country. Moises Hernandez, who works as a cleaner in San Antonio, is paid in Colombia pesos, which allows him to cross the border to the city of Cucuta to buy basic necessities. “Unless we buy over there, we cannot eat,” the 40-year-old told Reuters. “In Venezuela everything is more expensive.” Since Venezuelan President Nicolas Maduro legalized the use of foreign currencies last year, they have increasingly become the norm in many aspects of life. In border areas and major towns, doctors, merchants and even plumbers require payment in Colombian, Brazilian, U.S. or European currency. During a blackout that left much of Venezuela without electricity this week, the few bakeries, restaurants and pharmacies that remained open demanded cash because electronic payment systems were down. For most, that meant foreign currency. Prof. Steve Hanke ✔@steve_hanke Since the "blackout" began in #Venezuela, the use of #bitcoin has dropped 40%, heightening the country’s money problems: a lot of inflation, but no money. #Socialism has returned VNZ to the days of barter. In the western city of Maracaibo – the second-largest in Venezuela – those shops that remained open only accepted payments in U.S. dollars – 5-dollar bills and above. “Everything is for sale in dollars and where do you find those bills?” asked Lila Matheus, 50, a mother of a 14-year-old boy in Maracaibo. “The truth is I’m afraid because I don’t know where I am going to buy food.” Much of the foreign currency in Venezuela comes from the more than three million people who have migrated since 2015, according to the United Nations. Those without friends and relatives outside the country can struggle. The minimum wage in Venezuela of 18,000 bolivars is equivalent to less than six dollars at the official rate. But as basic goods become scarcer, even those able to pay in dollars are finding that inflation is soaring. According to calculations by local firm Ecoanalitica, a basket of basic goods that would have cost $100 a year ago would now require $675 to purchase even in U.S. currency. This week’s blackout appears to have accelerated that trend. Bags of ice cost a dollar the first day of the outage in Caracas or six dollars in Maracaibo, according to Reuters witnesses. A few days later the price in dollars had tripled. Stephanie Hamill ✔@STEPHMHAMILL Venezuelans Who’ve Fled Socialism Shred "Hands Off Venezuela" Protesters at a Pro-Maduro Rally in D.C. ... "These Protesters must have Trump Derangement Syndrome" . Trish Regan ✔@trish_regan From @BIZPACReview “In a stunning Fox Business interview Monday evening, Venezuela’s rightful president, @jguaido, effectively invited Democrat congresswoman and proud socialist @AOC to visit his country and see the fruits of socialism with her own eyes.” Bill O'Reilly ✔@BillOReilly A new poll says many younger Americans have no problem with socialism and some even want to try it. Well, what’s stopping them? Venezuela beckons, there are flights to Caracas everyday. PragerU ✔@prageru Socialism has destroyed #Venezuela. Its people are starving. Its economy is destroyed. Basic necessities, like bread and toilet paper, are chronically in short supply. Corruption and crime are rampant. #Watch#as#the#Venezuelan#Army#Tries#To#Scare#US#Marines
Views: 4924 America Breaking News
What is FOREIGN EXCHANGE HEDGE? What does FOREIGN EXCHANGE HEDGE mean? FOREIGN EXCHANGE HEDGE definition - FOREIGN EXCHANGE HEDGE meaning - FOREIGN EXCHANGE HEDGE explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. A foreign exchange hedge (also called a FOREX hedge) is a method used by companies to eliminate or "hedge" their foreign exchange risk resulting from transactions in foreign currencies (see foreign exchange derivative). This is done using either the cash flow hedge or the fair value method. The accounting rules for this are addressed by both the International Financial Reporting Standards (IFRS) and by the US Generally Accepted Accounting Principles (US GAAP) as well as other national accounting standards. A foreign exchange hedge transfers the foreign exchange risk from the trading or investing company to a business that carries the risk, such as a bank. There is cost to the company for setting up a hedge. By setting up a hedge, the company also forgoes any profit if the movement in the exchange rate would be favourable to it. When companies conduct business across borders, they must deal in foreign currencies. Companies must exchange foreign currencies for home currencies when dealing with receivables, and vice versa for payables. This is done at the current exchange rate between the two countries. Foreign exchange risk is the risk that the exchange rate will change unfavorably before payment is made or received in the currency . For example, if a United States company doing business in Japan is compensated in yen, that company has risk associated with fluctuations in the value of the yen versus the United States dollar. A hedge is a type of derivative, or a financial instrument, that derives its value from an underlying asset. Hedging is a way for a company to minimize or eliminate foreign exchange risk. Two common hedges are forward contracts and options. A forward contract will lock in an exchange rate today at which the currency transaction will occur at the future date. An option sets an exchange rate at which the company may choose to exchange currencies. If the current exchange rate is more favorable, then the company will not exercise this option. The main difference between the hedge methods is who derives the benefit of a favourable movement in the exchange rate. With a forward contract the other party derives the benefit, while with an option the company retains the benefit by choosing not to exercise the option if the exchange rate moves in its favour. Guidelines for accounting for financial derivatives are given under IFRS 7. Under this standard, “an entity shall group financial instruments into classes that are appropriate to the nature of the information disclosed and that take into account the characteristics of those financial instruments. An entity shall provide sufficient information to permit reconciliation to the line items presented in the balance sheet”. Derivatives should be grouped together on the balance sheet and valuation information should be disclosed in the footnotes. This seems fairly straightforward, but IASB has issued two standards to help further explain this procedure. The International Accounting Standards IAS 32 and 39 help to give further direction for the proper accounting of derivative financial instruments. IAS 32 defines a “financial instrument” as “any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity”. Therefore, a forward contract or option would create a financial asset for one entity and a financial liability for another. The entity required to pay the contract holds a liability, while the entity receiving the contract payment holds an asset.
Views: 4199 The Audiopedia
International trade theories are simply different theories to explain international trade. Trade is the concept of exchanging goods and services between two people or entities. International trade is then the concept of this exchange between people or entities in two different countries. People or entities trade because they believe that they benefit from the exchange. They may need or want the goods or services. While at the surface, this many sound very simple, there is a great deal of theory, policy, and business strategy that constitutes international trade. In this section, you’ll learn about the different trade theories that have evolved over the past century and which are most relevant today. Additionally, you’ll explore the factors that impact international trade and how businesses and governments use these factors to their respective benefits to promote their interests. Thanks for watching and commenting. If you like our video you can Subscribe Our Youtube Channel https://www.youtube.com/user/gurukpob ... Gurukpo.com is the fastest growing educational web portal where all kind of academic information/Notes are available free of cost. For more details visit http://www.gurukpo.com These Videos are produced by Biyani Group of Colleges Jaipur, a fastest growing girls college in India. Visit http://www.biyanicolleges.org And You can also Subscribe to our Biyani TV Channel for quality videos about Fashion Lifestyle, Current affairs and many useful topics https://www.youtube.com/channel/UC50P ... Share, Support, Subscribe!!! Subscribe: https://goo.gl/3gBszC Youtube: https://goo.gl/cjbbuL Twitter: https://twitter.com/drsanjaybiyani Facebook: https://www.facebook.com/BiyaniTimesN... Instagram: https://www.instagram.com/prof.sanjay... Website : http://www.biyanitimes.com
Views: 6158 Guru Kpo
Keep watching - chanakya group of economics
Views: 18828 CHANAKYA group of Economics
This video outlines the important steps companies must take in order to begin exporting overseas. Learn how to become export-ready with this overview of the US export process by watching the video, and visit Export.Gov for more information about the US export process. For more: https://www.export.gov/article?id=why-export October 18, 2016
Views: 71412 International Trade Administration
Adv. Jayprakash B. Somani, Foreign Trade Expert & National EXIM Trainer, has interviewed on Zee 24 tass Marathi News Channel. Subject is Ayat Niryat Vyapar i.e. Export Import Business. He is MBA (Foreign Trade), LL. B. and conducting full day practical training workshop all over India on "Export Import Management with Global Marketing". To view his program circulars and dates visit www.nishantpub.com
Views: 30803 Jayprakash Somani