Our topic today is documentary credits where we are basically looking at payments at international trade. we will also recap on International Commercial Terms (INCOTERMS).In this video we will: a. Define Payment b. Explore forms of payments: advancement payment, consignment sale, Bill of Exchange, Documentary Credit
This video exhaustively covers documentary credit since that the what is commonly used in international law

This lesson is part of Mount Kenya University academic curriculum in the unit BLAW 3203 International Trade Law. Our lecturer is MILKAH KITHINJI from Mount Kenya University School of Law which is based in parklands campus. MKU School of law is accredited by Council of Legal Education (CLE). Our students perform well academically and in moot court competition. Visit www.law.mku.ac.ke for more information and to view our profile. Related video: Construction of wills https://youtu.be/CABB7VjHd6Y