Get the international letter of credit for the facilitation of seamless trading with financial credibility across borders.

In finance, a letter of credit is a document issued by a financial institution mainly used in trade financing. The financial institution gives an irreversible payment commitment. Letters of credit are generally utilized in high-value international commerce transactions involving transactions between a supplier in one country and a client in another. In a broader sense, a letter of credit is one of the payment mechanisms used in international commerce transactions. Letters of credit are the only payment instrument with a balanced risk structure for both the payer and the recipient.

You can avail of our assistance for the following types of letter of credit:

REVOLVING LETTER OF CREDIT

A letter of credit covering many transactions over time is known as a “revolving” letter of credit. Because it is only used for shipments of the same commodity between the same customer (the importer) and the supplier, it is incredibly narrow in scope (exporter). For a specific period or a specific amount of transactions, a letter of credit is only issued once. There is no need to create new letters of credit every time you need to make a transaction.

COMMERCIAL LETTER OF CREDIT

International trade transactions such as exporting and importing transactions mostly rely on commercial letters of credit, the principal tool used in global commerce. The newest version of the Uniform Commercial Code (UCC) is used to issue most commercial letters of credit (Uniform Customs and Practise for Documentary Credits). The International Chamber of Commerce (ICC) publishes the Uniform Commercial Procedures (UCP), a collection of standards that govern the procedures for commercial letters of credit.

IMPORT/EXPORT LETTER OF CREDIT

Exporters and importers commonly utilize letters of credit to settle payments for the sale of commodities. A letter of credit is a guarantee from a bank to the exporter that they will pay them. To assure payment by the issuing bank, the exporter must meet all criteria of the letter of credit. The major benefit of import letter of credit is fraud risk mitigation. Export LC decreases the credit risk as the issuing bank is liable to pay even if the importer defaults.

DOCUMENTARY LETTER OF CREDIT

If you’re doing business with a new partner or in a location with more risks, our documentary letter of credit might help you reduce the risks. A Letter of Credit is a bank’s irrevocable written obligation to pay a specific monetary amount to a supplier of goods or services by the Letter of Credit conditions. The recipient of the Letter of Credit (authorized supplier) provides the documents specified in the Letter of Credit conditions.

IRREVOCABLE LETTER OF CREDIT

The parties to an irrevocable letter of credit must agree to any changes or cancellations. Letters of credit that have not been verified by both the issuing bank and the recipient cannot be changed without the written approval of both parties. If you want to make changes or cancel an irrevocable letter of credit that has been confirmed, you’ll need to get the bank’s written approval.

BACK TO BACK LETTER OF CREDIT

Back-to-Back letter of credit in the form of LC is utilized when an intermediary is involved in a transaction that consists of a buyer and a seller. A broker or dealer works as a middleman between the seller and the buyer in most cases. The middleman receives the LC from the buyer instead of the supplier. To secure a shipment, the broker sends the primary LC to a bank as collateral and requests a new LC to be issued in return for the cargo.

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Looking for a letter of credit refinance consultancy services in UK, UAE, Newyork, Hongkong (Worldwide)? If so, you came to the right place. We have great expertise in helping and issuing financial institution letters of credit.

As a standby letter of credit consultancy service provider, we will help you to run your business in UK, UAE, Newyork, Hongkong (Worldwide)

• Support the fulfillment of financial commitments and agreements while maintaining investment objectives and optimizing cash flow.
• Help inefficient of establishing new business ties.
• Ensure that the company has sufficient funds to meet its operational requirements.
• Simplify both domestic and international commerce and transactions.
• Assist in reducing the expense of international business.