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 obliging all the terms and conditions stated in the issued DLC. Watch this LC Video to know how a Letter of Credit helped a trader to conclude their imports.
As Letters of Credit gives assurance to buyers and sellers, LC at Sight is mostly used as a payment term in international trade transactions.
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 favor of their LPG supplier within 48 working hours. Finally, with the issued Letter of Credit, the supplier shipped the LPG. And so, the deal concluded successfully! Watch this LC Video now!
That is to say that in this Letters of Credit Video, we have shared this story to show our other clients how we are dedicated to serving our clients’ needs. Also, we have more than 3 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 our upcoming clients.
If you’re in need of a Letter of Credit – LC at Sight – LC MT700 for your trade deal, contact us today!
Being Letter of Credit Providers in Dubai, we partner with world repute banks to provide the best LC Payment options to our clients. Furthermore, there is no cash margin or collateral required for availing LCs from us!
Benefits of Availing LC at Sight
- Expand your business internationally without the worry of fiscal risks
- Acts as both payment & performance assurance
- No need to provide advance payments to the supplier, so no need to tie up your cash funds in one deal
- Also, it acts as a trust bridge between buyers and sellers
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 at Sight from good repute banks. To start work with your Letter of Credit transaction, please feel free to contact us today!
Secure Your Trade Transactions With Letters of Credit