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LC at Sight

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Import LC Issuance Process and How It Works

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Described in different names such as – Documentary Credit, LC at Sight & Import LC, Letter of Credit stands as an important tool for carrying out global trade transactions in a safe and secure way. If you’re looking to get an Import Letter of Credit for your overseas trade deals, then it’s a must to know about its issuance process and how it works for you. In this blog, we are going to discuss on – What is Import LC issuance process and the Letter of Credit Working Process. What is Import LC? Import LC is issued by the importer’s […]

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Methods of Payment in International Trade: Letter of Credit

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One of the best methods of payment in international trade is a Letter of Credit. As it gives assurance to both buyers & sellers, this payment term is mostly preferred in trade transactions. While dealing with imports & exports, the most vital thing that the traders often worried about – Payment Terms. Unlike local trade deals, doing trade with traders who are sitting miles away may create worries about the terms of payments. That is – buyers may not want to release their payments prior to the shipment, since, they don’t know whether the seller is readily available with the […]

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What is Import Finance Facility for Trade & How Does It Work?

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What is Import Finance? Import Finance Facility plays a vital role to assist traders to do trade dealings in a safe and secure way without facing financial issues. Trade Finance bridge the trust issues between two parties who are doing global trade by sitting in two different countries. Making use of Import Finance can make cross-border trade easier and less risky by protecting both parties. Trade Finance plays a vital role in global trade. Nearly 80-90% of traders are using trade finances to conclude their trade deals without investing their cash funds. To meet the growing demand for trade finance […]

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