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What is a Letter of Credit? Letter of Credit is the written undertaking issued by a bank to ensure the supplier will receive the payment, only upon fulfilling all the terms and conditions stated in the issued LC. Watch this LC Video to know how a Letter of Credit helped a trader to conclude their import deal.
As Letters of Credit give assurance to buyers and sellers, LC at Sight is mostly used as a payment term in international trade transactions.
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LC Video on Bronze Wing Trading’s Success
A Japanese trader required LC MT700 to import LPG from Qatar. The bank declined their Letter of Credit request by asking for a cash margin. So, the trader decided to avail help from Letter of Credit Providers in Dubai and contacted us with their request. Further, we facilitated LC MT700 on behalf of their company in favour of their LPG supplier within 48 working hours. Finally, with the issued Letter of Credit, the supplier shipped the LPG, and the deal concluded successfully! Watch this LC Video now!
This was one of the successful LC transactions we have handled, where our clients are dedicated to serving our clients’ needs. Also, we have more than 2 decades of experience in helping clients with their Trade Finance needs. Moreover, we have facilitated bank instruments for more than 25,000 clients worldwide. Also, we would love to do the same for your upcoming deals.
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If you are in need of a Letter of Credit or Cash-in-Advance for your trade deals, contact us today!
Being Letter of Credit Providers in Dubai, we partner with world reputed banks to provide the best LC Payment options to our clients. Furthermore, there is no cash margin or collateral required for availing LC from us.
Benefits of Availing LC at Sight
- Expand your business internationally without the worry of trade risks.
- • Act as both payment & performance assurance.
- • No need to provide advance payments to the supplier, as no need to tie up your cash funds in one deal.
- • Also, it is a secure trade instrument between buyers and sellers.
Follow the Simple 5 Step LC Issuance Process – Click Here!
LC Video: How to Open LC MT700?
Have you decided to use LC MT700 as your payment term for your upcoming trade deal? Contact us today! We are the trusted partner of International Trade Finance who supports traders by providing LC Sight from reputed banks. To start working with your Letter of Credit transaction, please feel free to contact us today!
