LETTER OF CREDIT
(DOCUMENTARY) LETTERS OF CREDIT - MT700
The Documentary Letter of Credit known as LC or DLC is a written undertaking given by a bank to the seller (beneficiary) of goods or services. Letters of Credit are a means for financing international trade by which a bank (the issuing bank) takes the irrevocable commitment, at the request and for the account of its client (the applicant), to pay the exporter (the beneficiary) against the submission of various documents complying with the terms of the credit, such proving the fulfillment of a contractual obligation within a set time limit.
BB COMPNY has long term experience with the provision of premium bank instruments. We specialize on assisting importers whose existing bank facilities are unable to meet their requirements.
Generally, we do not require collateral and no fees are charged without the proper instrument being issued.
