Saturday, April 9, 2011

Letter Of Credit (LC)


A letter of credit is defined as a letter issued by the bank on behalf of the buyer (applicant) in favor of the seller (beneficiary); expressing its definite undertaking to effect payment for the specified amount provided the seller complies with the terms and conditions stipulated in the letter.
An LC instills confidence in the mind of both buyers and sellers because it guarantees payments to the seller if terms and conditions are complied with. Similarly, the buyer (applicant) gets goods and service as per his specification, else he will be relieved of his liability to pay the bills. Non – compliance of terms and condition is called discrepancy. If there are discrepancies, it is up to the buyer to decide whether to accept goods or not. LC has greatly contributed to the international trade.
An LC is opened at the request of the buyer. A bank takes adequate security from the buyer or should be satisfied with the credit standing of the buyer before issuing LC because it has to make payment to the seller in case of compliance of terms and conditions whether or not payment is made by the buyer. This risk undertaken by the issuing bank is called 'credit risk'.

19 comments:

  1. We are authorized Financial consulting firm that work directly with
    A rated banks eg Lloyds Bank,Barclays Bank,hsbc bank etc
    We provide BG, SBLC, LC, LOAN and lots more for client all over the world.
    Equally,we are ready to work with Brokers and financial
    consultants/consulting firms in their respective countries.
    We are equally ready to pay commission to those Brokers and financial
    consultants/consulting firms.
    Awaiting a favourable response from you.
    Best regards
    WALSH SMITH, ROBERT
    email : info.iqfinanceplc@gmail.com
    skype: cpt_young1

    ReplyDelete
  2. We are authorized Financial consulting firm that work directly with
    A rated banks eg Lloyds Bank,Barclays Bank,hsbc bank etc
    We provide BG, SBLC, LC, LOAN and lots more for client all over the world.
    Equally,we are ready to work with Brokers and financial
    consultants/consulting firms in their respective countries.
    We are equally ready to pay commission to those Brokers and financial
    consultants/consulting firms.
    Awaiting a favourable response from you.
    Best regards
    WALSH SMITH, ROBERT
    email : info.iqfinanceplc@gmail.com
    skype: cpt_young1

    ReplyDelete
  3. We are authorized Financial consulting firm that work directly with
    A rated banks eg Lloyds Bank,BarclaysBank,hsbc bank etc
    We provide BG, SBLC, LC, LOAN and lots more for client all over the world.
    Equally,we are ready to work with Brokers and financial
    consultants/consulting firms in their respective countries.
    We are equally ready to pay commission to those Brokers and financial
    consultants/consulting firms.
    Awaiting a favourable response from you.
    Best regards
    WALSH SMITH, ROBERT
    email : info.iqfinanceplc@gmail.com
    skype: cpt_young1

    ReplyDelete
  4. We are authorized Financial consulting firm that work directly with
    A rated banks eg Lloyds Bank,Barclays Bank,hsbc bank etc
    We provide BG, SBLC, LC, LOAN and lots more for client all over the world.
    Equally,we are ready to work with Brokers and financial
    consultants/consulting firms in their respective countries.
    We are equally ready to pay commission to those Brokers and financial
    consultants/consulting firms.
    Awaiting a favourable response from you.
    Best regards
    WALSH SMITH, ROBERT
    email : info.iqfinanceplc@gmail.com
    skype: cpt_young1

    ReplyDelete
  5. GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR BUY/LEASE
    AT THE BEST RATES AVAILABLE

    We offer certified and verifiable bank instruments via Swift Transmission from a genuine provider capable
    of taking up time bound transactions.

    FOR LEASING OF BG/SBLC
    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
    LEASING FEE = 4%+2%

    FOR PURCHASE OF FRESH CUT BG/SBLC
    PRICE = 32%+2%
    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M

    Our BG/SBLC Financing can help you get your project funded, loan financing by providing you with yearly. RWA ready to close leasing with any interested client in few banking days

    Name : Scott james

    Email : Inquiry.securedfunding@gmail.com
    Skype: Inquiry.securedfunding@gmail.com

    ReplyDelete
  6. Hello viewers all over the world, There is good news for you all today get your Blank ATM card that works in all ATM machines all over the world. We have specially programmed ATM cards that can be used to hack ATM machines, the ATM cards can be used to withdraw at the ATM or swipe, at stores and POS. We give out this cards to all interested clients worldwide, We give out THE Blank ATM Card. Do you want to live a good life thought its illegal, its the easiest way to be a millionaire. it also has a technique that makes it impossible for the CCTV to detect you and you can only withdraw a total amount of $5,000 Dollars in a day on ATM Machine also avaialbel at cash delivery. We give up to $10,000.00 to $1,000,000.00 Dollars With our network hacking services. We can Recover all your lost money to Bitcoin and other Crypto currency, mortgage/realestate scams and fake ICOs within 48 hours or less. (Thomas Freddie Hackers) working together as a team to track down & to recover funds back from the most difficult internet SCAMMERS. NOTE!! We've received countless heartbreaking reports of notorious scammers and we’ve successful recovery them back via contact thomasunlimitedhackers@gmail.com

    Do contact us on ((Binary Recovery. University Grades.Wiping Criminal Records, FB & IG Hack, Telegram, Loads & Phone Hacking)) border us with your jobs & allow us give you positive result with our hacking skills. We are certified and your privacy is 100% safe with us. Worry no more about your financial problems, If you are in need of any other cyber hack services, we are here for you anytime, any day so contact us via our Email Address: thomasunlimitedhackers@gmail.com

    Regards
    THOMAS FREDDIE UNLIMITED HACKERS
    Email thomasunlimitedhackers@gmail.com
    Call/Text: +1 (985)465-8370
    Motto: We offer the fastest and reliable services

    ReplyDelete
  7. GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR BUY OR LEASE AT THE BEST AVAILABLE RATES
    We offer certified and verifiable financial bank instruments via Swift Transmission from a genuine provider capable
    of taking up time bound transactions.
    FOR LEASING OF BG/SBLC
    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
    LEASING FEE = 4%+2%
    FOR PURCHASE OF FRESH CUT BG/SBLC
    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
    PRICE = 32%+2%
    Our BG/SBLC Financing can help you get your project funded,
    loan financing by providing you with yearly.
    RWA ready to close leasing with any interested client in few banking days
    I will be glad to share with you our working procedures.
    Name : scott james
    Email : inquiry.securedfunding@gmail.com
    Skype : inquiry.securedfunding@gmail.com

    ReplyDelete
  8. We are trusted trade finance solution providers who is here to help you keep your supply chain moving smoothly in order to lead you to business growth. Offering you a range of trade finance solutions and services including Letter of Credit (USANCE and AT SIGHT, Back to Back LC), Standby Letters of Credit (SBLC), Bank Guarantee (BG), Performance Guarantees ,Advance payment Guarantees, Proof of Funds (POF), Blocked Funds, Bank Drafts, Pre-Advice messages, Bank Comfort letters , Ready Willing and Able (RWA) and more.

    With experience in handling clients of businesses of all sizes, we have the knowledge and the expertise to offer you a proven trade finance solution for your situation. Whether you are a trader, an importer, exporter, introducer, a consultant, or a broker we are here to offer you integrated trade finance solutions for reasonable service costs.

    * FOR LEASING OF BG/SBLC MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
    LEASING FEE = 4%+2%

    * FOR PURCHASE OF FRESH CUT BG/SBLC MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
    PRICE = 32%+2%

    We also have Trusted monetizer partners who can Monetize BG/SBLC at good rates. They also can receive the BG/SBLC on behlf of the beneficiary to give a Non Recourse Loan

    *Leased BG/SBLC Monetization - 65% Non Recourse
    *Purchased BG/SBLC Monetization - 90% Non Recourse.

    if you are interested in our quality services, kindly reach out via the information below

    Contact Person :Thomas
    Email : dpfinanciallimited@gmail.com
    Phone/Whatsapp :+1(516)856-5370
    Skype : dpfinanciallimited@gmail.com

    ReplyDelete
  9. Dear Sir/Ma,

    We are project funder as well as financial lender. We have BG/SBLC specifically for BUY/LEASE at a leasing price of 4%+2% of face value Issuance by HSBC London and many other 25 top AA rated Bank in Europe, Middle East or USA. We also secure funding. Also We are into the provision of short term and long term business/personal loans for both small and large scale business funds.

    * FOR LEASING OF BG/SBLC
    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
    LEASING FEE = 4%+2%

    * FOR PURCHASE OF FRESH CUT BG/SBLC
    PRICE = 32%+2%
    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M

    Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work together for the benefits of all parties involved.

    ANNE HARVEY
    E-mail :applegreeenltd@gmail.com
    Skype id :applegreeenltd@gmail.com
    whatsapp :+447537169499

    ReplyDelete
  10. Are you looking to Discount, Monetize, or create an immediate Non Recourse loan against a Leased or Purchased bank instrument such as BG,SBLC and Bank Drafts, We solely deal with real deals, real people and real Leased & Purchased Bank instruments that need real monetization. The Bank SWIFT Network is the Gold Standard that validates that your Leased & Purchased Bank instruments is real and it provides a respected industry platform where guaranteed settlement can be facilitated.

    Our contracts also include the monetizer returning the Leased bank instrument to the Issuing bank 15 days prior to the bank instrument expiration.

    Standby Letter of Credit Monetization LTV:

    *Leased BG/SBLC Monetization - 65% Non Recourse
    *Purchased BG/SBLC Monetization - 90% Non Recourse.

    Estimated Completion Time:

    *2-3 Days After Instrument Delivery on the SWIFT Networks.

    We also have trusted and long term business partners/providers who can facilitate issuance & delivery of bank instruments such as BG,SBLC,LC,DLC and Bank Draft at Lease Price 4% + 2% and Purchase price at 32% + 2% where 2% is agent and brokers commission.

    For further enquiries, we can be reached at the information below.

    Email: inquiry.trustedfinanceplc@gmail.com

    Skype : inquiry.trustedfinance@gmail.com

    Name: GARVAN MAIREAD

    Whatsapp : +17329300338

    ReplyDelete
  11. HOW I GO MY DESIRED XMAS LOAN AMOUNT $520,000.00 FROM A RELIABLE AND TRUSTED LOAN COMPANY LAST WEEK. Email for immediate response: drbenjaminfinance@gmail.com

    Hello everyone, Am here to testify of how i got my loan from BENJAMIN LOAN FINANCE(drbenjaminfinance@gmail.com) I don't know if you are in need of an urgent loan to pay bills, start business or build a house, they offer all kinds of loan. So feel free to contact Dr.Benjamin Scarlet Owen he holds all of the information about how to obtain money quickly and painlessly via Email: drbenjaminfinance@gmail.com

    and consider all your financial problems tackled and solved. Share this to help a soul right now, Thanks

    ReplyDelete
  12. We offer certified and verifiable bank instruments via Swift Transmission from a genuine provider capable of taking up time bound transactions.

    BANK INSTRUMENT PARTICULARS

    Instruments :Fully Cash Backed, Fresh Cut Bank Guarantee(Standard ICC format)
    Age :One (1) years and One (1) day
    Rate :Leasing: 4+2, Purchase: 32+2
    Currency :USD/Euro
    Bank :Top A Rated banks
    Amount :As Advised by Beneficiary
    Intermediary Fees : Two Percent (2%) of Face Value payable by Beneficiary
    Tranches : As per agreed tranches schedule
    Delivery : Swift MT799/MT760
    Payment : Swift MT103 (Wire Transfer)

    Contact Name: Thomas Cronin
    Email:dpfinanciallimited@gmail.com
    Whatsapp:+44 151 946 1204

    ReplyDelete
  13. We offer certified and verifiable financial bank instruments via Swift Transmission from a genuine provider capable
    of taking up time bound transactions.
    FOR LEASING OF FRESH CUT BG/SBLC
    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
    LEASING PRICE = 4%+2%
    FOR PURCHASE OF FRESH CUT BG/SBLC
    MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
    PURCHASE PRICE = 32%+2%
    Our BG/SBLC Financing can help you get your project funded,
    loan financing by providing you with yearly.
    RWA ready to close leasing with any interested client in few banking days
    I will be glad to share with you our working procedures.
    Name : Christopher Liam
    Email : trustedfinancemandate@gmail.com
    Skype : trustedfinancemandate@gmail.com
    WhatsApp: +13475948294

    ReplyDelete
  14. Financial Bank Instruments for Lease and Sales for Project and Trade funding/finance.
    Legitimate Financial Bank Instruments for Lease and Sales
    Fresh Cut BG, SBLC
    100% Verifiable financial Bank Instruments for Lease.SBLC
    Project, Trade BG/SBLC
    Perfect bank instruments Delivery Such as BG/SBLC MT103 GPI CASH TRANSFER/ MT103/202 MANUAL DOWNLOAD/ MT103 SINGLE CASH TRANSFER/ AND LOAN
    Financial bank instruments for lease and sale for project and trade finance
    GENUINE LEASE & SALE OF CASH BACKED FINANCIAL INSTRUMENTS FOR FUNDING, PROJECT FINANCE, TRADE FINANCE AND MONETIZATION.

    Dear Partner & Associate,I write to initiate contact with you knowing that you may be/have potential clients with interests in the Lease or Purchase of Bank Instruments being | BG | SBLC | MT103 GPI CASH TRANSFER I MT103/202 MANUAL DOWNLOAD I MT103 SINGLE CASH TRANSFER AND LOAN. We look forward to doing business with you

    Contact Name...Seneca Payne
    Email....Senecapayne1976@gmail.com

    ReplyDelete
  15. Loans For Everyone.
    Hello, Loan offers at an affordable interest rate of 2 %. Many banks have rejected you. Do you need to finance your debt consolidation? Do you need financing to help your business get back? I provide loans to interested parties at a very reasonable interest rate of 2%. If you are interested contact me via Email : Josefkupka870@gmail.com

    ReplyDelete
  16. l'Organisme International de Répression Contre la Cybercriminalité et la Brigade d'enquêtes sur les fraudes aux technologies de l’information créés par les pouvoirs publics et en collaboration par Interpol mondial sont à la disposition de toute personne victime de toutes formes d'escroquerie sur internet. Contactez-nous directement à l'adresse suivante:

    interpol.victimearnaque@gmail.com / interpol.victimearnaque@gmail.com

    Votre plainte sera immédiatement prise en compte par nos experts et une procédure sera mise en œuvre de l'arrestation jusqu'au remboursement de la somme arnaquée y compris le dédommagement dans certains cas.

    ReplyDelete
  17. We are genuine certified Financial Instrument providers. Presently, we only focus on BG/SBLC for Lease and purchase purposes. Our Lease BG/SBLC is 4+2% and purchase at 32+2%.

    Kindly contact us for our procedures and be sure that we would respond within 48hrs maximum.

    For further inquiry contact: BERRIDGE, Ian

    Email: bizfinleasingltd@gmail.com

    ReplyDelete
  18. Investment is super profiting with the help of a Expert trader runing the trading affairs for you investors has been benefiting , you too can participate and start earning 700% profit weekly from with out stress on USDT, Bitcoin, Ethereum and more . for example

    Invest 200 Euros get 1400 Euros
    Invest 500 Euros get 3500 Euros
    Invest 1000 Euros get 7000 Euros
    invest 2000 euros to get 14,000 Euros

    Platform is 100% genuine contact on WhatsApp: +27633586789 or Email: wilsontradeszone@gmail.com to start earning

    ReplyDelete
  19. Financial Instrument For LeasingAnd Purchase - BG, SBLC, MT103, FRESH CUT, MT799, MT760
    We Offers Financial Consulting to Client, Companies Seeking Debt / Loan Financing And Seeking For Working Capital To Start A New Business Or To Expand Existing Business all over United kingdom, Europe/America. We are equally ready to work with Brokers and financial
    consultants/co... firms in their respective countries.
    The Financial institution can finance your signatory projects such as Real Estate Development, Aviation Service, Agriculture Finance, Petroleum Importation, Telecommunication, construction of Dams or Bridges and all kind of projects.
    Our procedures are most reasonable and safest as we operate a 100% financial risk free process which entails that the issuing and receiving bank continues the transaction immediately after DOA is Countersigned.
    We hope to establish a long term business relationship with you even after this first trial,
    DESCRIPTION OF INSTRUMENTS:
    1. Instrument: Bank Guarantee (BG)/SBLC (Appendix A)
    2. Total Face Value: 1,000,000 MIN to 50B MAX USD or Euro
    3. Issuing Bank: HSBC, Deutsche Bank Frankfurt, UBS or any Top 25 .
    4. Age: One Year, One Day
    5. Leasing Price : 4+ 2%
    6. Sale Price: 32+2%
    7. Delivery : Bank to Bank Swift MT799 and/or MT760
    8. Payment: MT103-23
    9. Hard Copy: Bonded Courier within 7 banking days.
    BROKERS ARE WELCOME !!!
    Intermediaries are also welcomed; do get back to us if you are interested in any of our services and for quality service. Our team of experts will be glad to share with you our working procedures.
    Intermediaries/Consultant... are welcome to bring their clients are 100% protected. In complete confidence, we will work together for the benefits of all parties involved
    Email : liamdarragh.finance@gmail... ID : Liam-darragh
    Whatsapp : +46734779448

    ReplyDelete