Letter of Credit (LC)

At 3BAdvisory, we offer robust letter of credit services to support your international trade transactions. Our letters of credit provide a secure and reliable payment mechanism that assures both buyers and sellers of timely and accurate payments. With our extensive expertise and global network, we help you navigate the complexities of international trade, reduce risks, and build trust with your trading partners.

Our letter of credit solutions are tailored to meet the specific needs of your business, ensuring seamless cross-border transactions. Whether you are importing goods or exporting products, we provide comprehensive support and guidance throughout the process, from issuance to payment. Trust 3BAdvisory to facilitate your global trade activities and enhance your business’s international reach.

A letter of credit is a document issued by bank that guarantees payment for goods or services when the seller provides acceptable documentation. A letter of credit generally has three participants. First, the beneficiary, the person or company who will be paid. Next, the buyer or applicant of the goods or services. Finally, the issuing bank, the institution issuing the letter of credit.

Features

• A letter of credit is a written instrument issued by a banker (opening or applicant’s bank) at the request of the buyer (opener or applicant) in favor of seller (Beneficiary), undertaking to honor drafts drawn by the seller in accordance with the terms and conditions specified in the letter of credit.
• Suitable for SME, Mid & Large corporates .
• Period for Inland LC is up to 180 days for Import LC is up to 360 days