Letter of credit (Documentary Letter Of Credit (L/C, DLC) is the bank’s obligation to pay the seller of goods or services a certain amount of money in the timely submission of documents confirming shipment of goods or performance of contractual services.
Documentary Letter Of Credit is one of the most important means of financing in the international trade, as the letter of credit is a tool that removes most of risks as from the buyer (importer) and from the seller (exporter).
Documentary Letter Of Credit is very flexible and convenient tool of calculations, which have the widest recognition and acceptance in the world because of the following advantages:
For the seller, the letter of credit is convenient because it removes the risk of insolvency of the buyer, because the letter of credit is the unconditional obligation of the bank to pay, regardless of the presence or absence of the bank of the applicant credit. Thus, the letter of credit provides a higher degree of protection of the seller’s interests with payment upon delivery or by collection.
For the seller of credit is convenient because it removes the risk of insolvency of the buyer, because the letter of credit – the unconditional obligation of the bank to pay, regardless of the presence or absence of the bank of the applicant credit. Thus, the letter of credit provides a higher degree of protection than the interests of the seller with payment upon delivery or by collection.
For the customer the letter of credit is convenient because it provides greater protection of the buyer’s interests compared to the down payment, and eliminates the risk of unscrupulous sellers, because the letter of credit may be required, among other documents, the documents, issued by independent third parties (Chamber of Commerce, the insurance company, the independent inspector).
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Our BG/SBLC financing can help you get your project funded, by providing you with yearly renewable leased bank instruments. We work directly with the providers of these bank instruments. Leased Instruments can be obtained at minimal costs from our lessor compared to other banking finance options. This offer is open to both individuals and corporate organizations.
Surat Kredit Usance (L / C) adalah letter of credit yang harus dibayar dengan jangka waktu tertentu sesuai dengan penyajian dokumen yang diperlukan mengenai syarat dan kondisi letter of credit. Berbeda dengan Sight L / C, dimana bank penerbit akan segera membayar penerima surat kredit (tidak ada credit tenor / sight) setelah bank penerbit menemukan bahwa dokumen yang diberikan kepada mereka sesuai dengan persyaratan dan ketentuan Letter of Credit, dibawah Usance L / C, bank penerbit akan dikenakan pembayaran / pembayaran pembayaran tangguhan yang akan dibayarkan sesuai jangka waktu tenor / kredit khusus (tenor tenor) setelah dokumen tersebut dipatuhi.
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