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Letter of Credit
Strengthen business relationships with Letter of Credit
Overview
Assuring Suppliers with Letter of Credit
We understand that for expanding your business overseas, you may need to deal with unfamiliar suppliers. This will require payment assurance for performing a business transaction. Our Letter of Credit (LC) service will provide the payment assurance to your supplier, which will facilitate easy purchase of goods, thereby, strengthening business relationships and removing risk of default.
| Applicant | Proprietorships, Partnerships, Pvt. Ltd. or Ltd. Companies |
| Type | Financial & Performance Guarantee, Bid Bonds, Earnest Money Deposit Guarantee, etc. |
| Purpose | Business needs |
| Security | Counter guarantee & charge on assets |
| Margin | 10% to 25% |
| Settlement | As per the due date of the documents lodged under LC, upon confirmation |
| Commission | As applicable from time to time |
*Conditions Apply
