How to Open LC – Letter of Credit Process
Do you require a Letter of Credit to import goods from an overseas supplier? Get ready to secure your international trade transactions by availing LC MT700 on behalf of your company. To avail LCs from banks, you need to provide a 100% cash margin or need to tie up tangible collateral, as per the banking norms. In case, if you’re unable to meet these norms, then your Letter of Credit request will be declined by the bank. So, how to open LC on your company’s behalf?
We, the Letter of Credit Providers in Dubai are here to support the traders who are in need of LC MT700 for their trade deals. Also, we focused on ensuring the clients’ trade finance needs every step of the way. Further, we maintain a remarkable name in World Repute European Banks which gives us the ability to provide the required LC on behalf of our clients without pledging cash margin.
Know Our Simple 5 Step LC Issuance Process – Click Here!
How to Open LC – Letters of Credit Process
- Submit your Letter of Credit Requirements to us.
- We will study your trade deal and approve your request.
- You need to sign the service agreement and pay the service charges.
- Then, we will structure the Letter of Credit and send the LC draft for your approval.
- You need to approve the LC draft and pay the LC issuance fee charges.
- Finally, we will instruct our bank to issue the Letters of Credit via Swift MT700 in favor of your supplier.
Most importantly, this process will not take more than 2 banking days. So, you can get the Letter of Credit issued in 48hrs.
Get a Free Quote for Your Letter of Credit Transaction – Click Here!
LC Providers in Dubai,
Whatever your trade finance requirements are, contact us today! We are here to help you to stay ahead of this trading industry by providing the right financial support. Also, being Financial Instruments Providers in Dubai, we have helped thousands of businesses to flourish and achieve their business goals faster & easier.
Submit your Letters of Credit Requirements Online! Our team will get back to you as soon as possible with a FREE quote!
Get Letters of Credit – LC at Sight at ZERO Collateral
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