Letter Of Credit

Purchase of raw materials or trading goods is a basic part of every business. You need to buy weather you are a manufacturer, a trader, or even a service provider. Many a times you need to buy from new sellers or sellers who do not extend credit and insist on cash upfront or immediately on delivery. This is more so in case you are importing something as the chances of seller knowing you is less and also because of difference in lawful systems in the two countries he might be not willing to offer goods on credit. The banks can offer a letter of credit to the seller of goods or services, which basically is a letter of comfort to the seller that he will get paid on a fixed date if he performs his part of the transaction satisfactorily.

We can arrange for Letter of Credit facilities from banks at most competitive charges. We can even arrange for takeover and/or enhancement of existing LC limits with lowering of charges and collaterals.