Letter of Credit (LC)

Service Description

LC's are used in international transactions to ensure that payment will be received where the buyer and seller may not know each other and are operating in different countries. We deal with two types of Letters of Credit: At sight - Payable immediately – within five to ten days – after the seller meets the requirements of the letter of credit. Usance - Also known as Deferred Payment LC or Time LC or Term LC is a letter of credit payable at a predetermined time / future date after the conforming documents are presented. Onboarding process; - Contact us to get the right form. - Please fill in the form, continue submit us your KYC, underlying agreements and other necessary documents. - After e-KYC and payment received, application will process and feedback will provided until completion.