Letter of credit service

Listing ID #1445027

We are providing Letter of Credit Service.
Are your exports paid for by Letter of Credit?
Exporters often adopt a method which will enable payment to be received promptly and with the minimum of risk.
A letter of credit may be revocable or irrevocable - a document, consisting of specific instructions by a buyer of goods, that is issued by a bank to the seller who is authorized to draw a specified sum of money under certain conditions, i.e., the receipt by the bank of certain documents within a given time. An irrevocable LC provides guarantee by the issuing bank in the event that all terms and conditions are met by the buyer (or drawer). A revocable LC can be canceled or altered by the drawer after it has been issued by drawer's bank. A confirmed LC is one issued by a foreign bank which is validated or guaranteed by a Indian bank for a Indian exporter in the case of default by the foreign buyer or bank.