<transcript><audio_160>so-and-so organization is our repeated customer having and and we are going to walk we are going to authorize to get the credit and saying that we have the guarantee for you so that is how bank</transcript><transcript><audio_161>gives the guarantee to the supplier on behalf of custom customer means to my company supplier miss Italy company back there is a bank from the bank not for meeting you this is obey bank giving a letter to the</transcript><transcript><audio_162>way company is saying that show this letter to the supplier grab the item we are guarantee for the payment and you pay installments it is a letter of credit so what do the letter has been assured from the bank that is called</transcript><transcript><audio_163>letter of credit so tube a company approaches back take the letter of credit so this letter of credit to Italy supply get died after getting the idea that letter based on the letter bank</transcript><transcript><audio_164>pays the amount to the supplier directly based on this letter you start paying the installments to the bank it is L see in this process there is LC</transcript><transcript><audio_165>m landed cost management what is Leonard cost management in this process it leaves the supply which is sending millions of worth of items those items to be shipped through ship</transcript><transcript><audio_166>she sure okay that means there is a transportation of some months okay during that time there is a risk of psychic cyclone or any disaster dirty</transcript><transcript><audio_167>you may lost those items in the sea for that he should pay in children's supply takes the incidence first why because he is going to send the items to you it should come to the bay port from Italy</transcript> so-and-so organization is our repeated customer having and and we are going to walk we are going to authorize to get the credit and saying that we have the guarantee for you so that is how bank gives the guarantee to the supplier on behalf of custom customer means to my company supplier miss Italy company back there is a bank from the bank not for meeting you this is obey bank giving a letter to the way company is saying that show this letter to the supplier grab the item we are guarantee for the payment and you pay installments it is a letter of credit so what do the letter has been assured from the bank that is called letter of credit so tube a company approaches back take the letter of credit so this letter of credit to Italy supply get died after getting the idea that letter based on the letter bank pays the amount to the supplier directly based on this letter you start paying the installments to the bank it is L see in this process there is LC m landed cost management what is Leonard cost management in this process it leaves the supply which is sending millions of worth of items those items to be shipped through ship she sure okay that means there is a transportation of some months okay during that time there is a risk of psychic cyclone or any disaster dirty you may lost those items in the sea for that he should pay in children's supply takes the incidence first why because he is going to send the items to you it should come to the bay port from Italy
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