Documentary letters of credit (DLC) Meaning A documentary letter of credit is an undertaking of the bank, which has opened a letter of credit on request of a buyer (applicant) to pay an amount to the seller (beneficiary) as specified in the letter of credit upon the provision...
Grand City Investment Limited provided $50m trade finance facility to CNTIC The facility will be used for a electricity generation project in rural Myanmar. Grand City Investment Limited (Hong Kong) has provided a $50m account receivable purchase facility to China National Technical Import & Export Corporation (CNTIC)...
EXPORT DOCUMENTS Documents required for an international sale can vary significantly from transaction to transaction, depending on the destination and the product being shipped. At a minimum, there will be two documents: the invoice and the transport document. The buyer will usually provide the seller with...
What are the Differences Between Standby Letters of Credit and Commercial Letters of Credit? Standby letters of credit and commercial letters of credit are two main documentary credit types used in international trade transactions. A standby letter of credit is a bank’s undertaking of fulfilling the applicant’s...
Free Loans, BG / SBLC With No Money Down Are you looking for a bank or other financial institutions that will give you a loan, bg or sblc free of charge with no money down? Well this article is right for you, it will open your...
Before we talk about the advantages and disadvantages of using a Letter of Credit in International Transactions lets find out what A Letter of Credit Means. What Is a Letter of Credit? A letter of credit, or "credit letter" is a letter from a bank guaranteeing...
How to spot Fake Bank Guarantee and Standby Letter of Credit provider There is so much misinformation in the Bank Guarantee and Standby Letter of Credit Industry largely because there is a huge vacuum of information. So we advise everyone to be very sure that the...
Standby Letter of Credit (SBLC) / Bank Guarantee (BG) Provider- Grand City Investment Limited Financial instruments, mainly Bank Guarantess or Standby Letters Of Credit (BG/SBLC), are monetary contracts between parties. They can be created, traded, modified and settled. They can be cash (currency), evidence of an...
A documentary letter of credit is an undertaking of the bank, which has opened a letter of credit on request of a buyer (applicant) to pay an amount to the seller (beneficiary) as specified in the letter of credit upon the provision of documents by...
Using Bank Guarantees (BG) & Letters of Credit (LC) In International Trade. This article is about using Bank Guarantees (BG) and Letters of Credit (LC) In International Trade. Bank Guarantees (BG) and Letters of Credit (LC) Are Used In International Trade Transactions To Finance Imports and export...
