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Letter of Credit

Particulars Letter of Credit
Introduction Letter of credit helps you to facilitate purchase of goods in international and domestic trading operations.

Letter of credit is an undertaking by a bank (opening/issuing bank) made to the seller (beneficiary) on behalf of the buyer (applicant) to pay a certain amount if documents are presented conforming to terms of the letter of credit within a stipulated time period.

Documents Required
  • LC application Form.
  • Indemnity on Stamp Paper.
  • Purchase order / Performa invoice
  • Insurance copy