Learn Business English 170 (letters of credit, beneficiary, advising bank)

[taostoner1]

the simplicity is almost insulting, but i appreciate it.

[TeacherPhilEnglish]

@taostoner1 This is ESL

[vanessaleb]

Thank you a lot Phil. could you please be so nice and explain the difference between LC and stand by LC

[leaf58]

Congratulations ¡¡¡ I appreciate all your videos. All them are very interesting and hereby I confirm that TeacherPhil is the best teacher I have never had ¡¡¡.

Thanks a lot ¡¡¡

[kevinkevinpham]

Would you say the issuing bank is in a sense the cosigner?

[raphtubeful]

Are there any difference between letters of credit and accounts receivables?

[TeacherPhilEnglish]

@raphtubeful the letter of credit is a promise by the bank to pay the money for you. They charge a fee. A/R is just people that owe money to you.

[zorex0304]

All your videos are simple and informatives, we like to have more .

Thanks