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Overview of World Trade
Banking around the World
Cultural Aspects of Foreign Trading
Importing Goods & Quality Control
Joining Trade Organizations
US Government Assistance for Foreign Trade
Contacting Government Agencies About Foreign Trade
Tracking Shipping Containers With Government Forms
Inspecting Foreign Goods for Trade
How to Get Letters of Credit for Foreign Trade
Irrevocable Letters of Credit for Foreign Trade
Transferable Letters of Credit for Foreign Trade
Confirmed Letters of Credit for Foreign Trade
Acquiring Shipping Documents for Trade
Required Shipping Documents for Trade
Avoiding Common Mistakes in Foreign Trade
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Learn how international banking works in this free video on foreign trading practices.… More
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Summary: Learn how international banking works in this free video on foreign trading practices.
With over 30 years of experience in international business, knowledge of foreign languages and travel, Nikolai Pankratz has built companies from scratch. He has been involved in many...read more
"This is Nikolai Pankraz with American Resource Network for Expert Village. I want to take that extra time for this and I'm just saying that because of the twenty years experience in international business and international trade, thirty something countries, I've been all over the globe, and so I want to emphasize that to you because I want you to succeed in what you're doing. One of the things by dealing with Eastern Europe countries, China, etcetera, etcetera, some of the more developed countries, you've got to watch for a few things, like for example, banking. Just a few years ago there was a huge banking crash in the former Soviet Union where people just literally lost millions, millions of people. A friend of mine, he lost over three hundred million dollars on that alone. Well, things have changed, but I want you to keep that in mind, so when we get to the letters of credit and how to work with letters of credits and make your shipments safe, you need to remember the banking situation, because a few years ago, well actually about ten years ago, fifteen years ago, people in the former Soviet Union, Russia, actually they split up in fifty different countries, they could open the bank with just twenty-five thousand dollars. Well, in our country that's unimaginable."
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