For Sale - CS - 165


Reference Number

CS - 165



Product Details

Letter of Credit (LC) and Bank Guarantee

Our Bank's Letter of Credit facility arms you with a guarantee of payment, especially useful while transacting with companies who you have had limited exposure to in the past.

A Letter of Credit is a letter from our Bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. This guarantee of payment helps you transact with companies with whom you have had limited interaction and are unsure of their credit history.

Our Bank offers two types of LCs, Sight and Usance LCs, both inland and foreign. Our LCs gets sanctioned and issued quickly, and are competitively priced.

A sight LC is a letter of credit that is payable immediately on presentation along with the necessary documents.

A usance LC is a letter of credit that is payable after acceptance of presented documents and at a specified future date.

Our Bank Guarantees are competitively priced with few requirements like cash margin and collateral security, and will be made available to you in the shortest possible time.