Letter Of Credit Services

Our Letter of Credit Services are acclaimed by those businessmen who do not have the available resources to commit to overseas trade or who can't wait for their business to develop the level of expertise required. Letter of Credit not only facilitates smooth purchase of goods in national and international markets but also helps in building a strong relationship with the clients. So, save time, reduce risk and accelerate payment by using our trusted Letter of Credit service.
Letter of Credit :

• A guarantee of payment issued by a bank on behalf of a client that is used as "payment of last resort" should the client fail to fulfill a contractual commitment with a third party.
• Standby letters of credit are created as a sign of good faith in business transactions, and are proof of a buyer's credit quality and repayment abilities.
• The bank issuing the SLOC will perform brief underwriting duties to ensure the credit quality of the party seeking the letter of credit, then send notification to the bank of the party requesting the letter of credit (typically a seller or creditor).
• Also, known as “non-performing letter of credit”