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Old 08-08-2017, 08:11 AM
thomaschavez thomaschavez is offline
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Join Date: Aug 2017
Location: California, USA
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Default Bank guarantee / standby letter of credit

We have a direct genuine provider for fresh cut BG/ SBLC for both lease and purchase with Issuance from top AAA rated Bank in Europe .

Contact: Thomas Chavez
Tel : +1 909 271 8517
thomaschavez001()gmail. com
Skype: live:thomaschavez001

All inquiries to should include the following minimum information so I can quickly address your needs:

Complete contact information:
1. What exactly do you need?
2. How long do you need it for?
3. Are you a principal borrower or a broker?

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Old 09-26-2017, 12:36 AM
g_nicks g_nicks is offline
Join Date: Jun 2017
Location: New York
Posts: 31
Default Re: Bank guarantee / standby letter of credit

In import export business letter of credit (LC) is secure way to make payments for the products or goods. A letter of credit is a document in which a bank guaranteeing that the seller will receive payments for his goods, It is safe way of payments in this bank (buyer) guaranteed to pay the cost of product to the bank (seller). In this transaction of payments both buyer and supplier agree on the condition of letter of credit, after agreement the buyer request his bank to issue the letter of credit to bank (seller). Importer’s bank send the credit to exporter’s bank. Buyer bank deliver letter of credit to seller bank. Seller deliver his goods to Carrier Company and receive bill of lading from carrier company. The seller presents bill of lading to his bank. Bank (seller) send bill of lading to bank (buyer), and the buyer bank gives documents to buyer and claim for payments, seller show its documents to the carrier company to receive his goods.

Letter of credit(LC)used in international transactions to ensure that the payments will be received where the buyer and seller do not know each other and they are operating in different counties.
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