LC and SBLC are two of the most commonly used payment instruments in international trade. LC stands for Letter of Credit, while SBLC stands for Standby Letter of Credit. Although they share some similarities, there are significant differences between the two.
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Damien, a former commodity trader from Switzerland, launched his first commodity training company at the age of 24 while working a full-time job. In this video, he shares his story of how he found his first supplier, customer, and funding for his company, as well as the mistakes he made that almost bankrupted him and his company in the beginning.
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The speaker in the video has 15 years of experience in the commodity industry and is from Geneva, Switzerland, which is currently the leading commodity trading hub. However, due to changes in the market, a new hub is emerging in Dubai, UAE. The speaker believes that within the next five years, Dubai will become the new leading commodity trading hub due to its location between the Western and Eastern blocks, making it easier to deal with both parties.
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Chartering a bulk carrier can be a complex process, but with the right knowledge and preparation, it can be a smooth and successful experience. A bulk carrier is a type of ship used to transport large quantities of dry goods such as coal, grain, and iron ore. Chartering a bulk carrier involves hiring the ship for a specific period of time or voyage to transport goods from one location to another.
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The largest private companies in the world are commodity trading companies that most people have never heard of. Despite their relative obscurity, these companies play a significant role in the global economy by handling the purchase, transportation, processing, and selling of commodities that are used by people every day. In a video, the CEO of these companies gives a formal explanation of their activities, while the second part of the video reveals the two real reasons why these companies are so successful.
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