Confirmed Letter of Credit – How to Open LC at Sight From European Banks?
Are you looking to avail Confirmed Letter of Credit to secure your overseas trade? Bronze Wing Trading, the LC providers in Dubai is here to help you! Read this blog or watch this video to know more about – What is Confirmed Letter of Credit and how we facilitated Confirmed LC on behalf of a Nigerian Trader to import Masks and Gloves from China.
Confirmed Letters of Credit – What It Is?
A Confirmed Letters of Credit is also a type of LC, in which a seller or an exporter will receive a payment assurance from a confirming bank, i.e. a second bank. This assures that the confirming bank will be liable to make the payment. This type of LC Payment, is mostly used in international trade transaction. Since the confirmed LCs decreases the risk of payment failure, most traders prefer to use this as their payment term.
By understanding the benefits of a Confirmed Letter of Credit, the Nigerian trader decided to use MT700 as their payment term to import medical gloves and masks from China. They contacted us via LinkedIn with their DLC request. Further, we assisted them to avail the required DLC from rated Banks on their behalf & in favor of the seller. And this paved the way to conclude the deal with the Chinese Seller successfully.
Avail Confirmed LC from European Banks
Are you looking to avail Confirmed Letter of Credit to conclude your trade deal? If you contact your bank to avail DLC MT700 on behalf of your company; then they will demand you to provide a certain kind of collateral or cash margin to proceed with your request. In case, if you didn’t meet their marginal demands; then the bank will not be able to provide the required SWIFT MT700 on your behalf.
That’s why, to help traders who are in need of MT700, we, the LC Providers are here! Being a leader in providing MT700 on behalf of buyers, we deal with European Banks and we’re the direct issuers of MT700. Since there is no need to pledge your tangible collateral or cash margin; anyone can get the required SWIFT MT700 from us within 48 hours.
To open Documentary LC at Sight – DLC MT700 – Confirmed Letters of Credit from World rated Banks, follow the simple Letters of Credit process mentioned on the LC page. We will analyze your requirements and get back to you with a FREE Quote!
Submit your DLC MT700 requirements now and avail Confirmed LC from European Banks within 48 Hours!
Get Confirmed LC From European Banks!
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