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 DLC 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 LC request will be declined by the bank. So, how to open LC on your company’s behalf?
We, the LC 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 LC 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 DLC 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 LC issued in 48hrs.
Get a Free Quote for Your LC 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 Bank 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 – DLC MT700 at ZERO Collateral
Recent Videos
Are you finding it hard to get Bank Guarantee from banks? You’re not alone! As per the statistics revealed in 2021, more than 80% of SMEs lose their trade deals; because of a lack of access to Commodity Finance. If you’re in need of Bank Guarantees to sign a new trade deal or contract, then […]
COVID-19 pandemic has affected both local and global trade dealings. Even, the world trade bounced back to normal in the year 2021, the SMEs still face financial hurdles to do their imports & exports. This is mainly due to the lack of cash funds or lack of access to Trade Finance Instruments. Are you in […]