STANDBY LETTER OF CREDIT (SBLC)
IRREVOCABLE
SWIFT MT760
Standby Letter of Credit (SBLC) is a payment guarantee that is issued by a bank or financial institution, Standby LC MT760 is used for trade. it acts as proof of the buyer's financial abilities.
By providing SBLC in favor of supplier, the buyer get more time to paytheir due payment. It also covers the suppliers risk, in case of the buyer's default in thier payment. Also, can help to grow thier business.
By providing SBLC in favor of supplier, the buyer get more time to paytheir due payment. It also covers the suppliers risk, in case of the buyer's default in thier payment. Also, can help to grow thier business.
BANK GAURANTEE (BG)
IRREVOCABLE
SWIFT MT700
Bank Guarantee is issued by a bank via swift MT760 on behalf of
thier clients. Once these types of bank guarantees are received at the supplirs' bank account, they are assured about their payment for the goods supplied.
Thus, it covers the risk facotr of the supplier. Also, we provide Bank Guarantee on behalf of importers and contractors rated Banks.
More traders have concluded their trade or contracts with the help of our Bank Guarantee.
thier clients. Once these types of bank guarantees are received at the supplirs' bank account, they are assured about their payment for the goods supplied.
Thus, it covers the risk facotr of the supplier. Also, we provide Bank Guarantee on behalf of importers and contractors rated Banks.
More traders have concluded their trade or contracts with the help of our Bank Guarantee.
Documentary Letter Of Credit (DLC)
Documentary Letter Of Credit (DLC) is a promise of payment provided by a buyer/importer to a seller/exporter that is guaranteed by a particular bank. Once a DLC document is presented by the seller/exporter to the issuing bank, the bank is obliged to remit full payment to the seller.
Ready Willing And Able Letters (RWA)
Ready Willing and Able Letter (RWA) is a document issued by a bank or financial institution for their clients.
It demonstrates the intent and capability of the clients to enter into a financial business transaction both legally and financially.
After being issued, the Ready Willing and Able Letter (RWA) is sent to the beneficiary via MT799 SWIFT message.
It demonstrates the intent and capability of the clients to enter into a financial business transaction both legally and financially.
After being issued, the Ready Willing and Able Letter (RWA) is sent to the beneficiary via MT799 SWIFT message.
Letters of Credit (LC)
Letter of Credit(LC) Acts as a suretry for seller payment once they supply goods to buyer at their designated port.
This MT700 gives assurance to the buyer, that the payment will debit
from their bank account. only if the seller supplies the products
as per the stated terms. In this way, the buyer ensures the quick delivery of the goods they require from seller.
This MT700 gives assurance to the buyer, that the payment will debit
from their bank account. only if the seller supplies the products
as per the stated terms. In this way, the buyer ensures the quick delivery of the goods they require from seller.
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