Trade Finance Basic Concepts | Methods of Payment | Parties Involved

Are you new to trade finance or are interested to know about it?
This tutorial gives an introduction to trade finance so that you can slowly go deeper into learning a Letter of Credit, Documentary Collections and all other aspects of trade finance.

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Here we discuss
What are the different roles or players in the export-import or trade finance business?
What are the payment methods in trade finance?
We give an example of the Advance payment method in trade finance.
We also give an example of the Open Account or Cash on Delivery Method in trade finance.
We explain in brief what is Documentary Collections or Collections of documents in trade finance and what is a Letter of Credit.
We discuss in short the difference between the Letter of Credit and Collection of Documents.
We also discuss the similarities of the Letter of Credit and Documentary Collections.
We discuss in brief the publications of the International Chamber of Commerce(ICC) like UCP/ UCPDC 600, ISBP 745, URC 522, Incoterms 2010, etc

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0:00 Introduction
0:20 Roles/Players in International Trade
2:44 Movements in international trade
3:23 Methods of payment
5:21 Overview of Collections and Letter of Credit
7:21 ICC Publications for trade finance