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Import Letters of Credit

Brief Description

It is an arrangement that is irrevocable and constitutes a definite undertaking of the issuing bank to honour a complying presentation.

Features

This service ensures that the importer client will receive the documents on time and payment will only be effected if the terms and conditions of the Letters of Credit (LC) are complied.

Requirements

  • Duly filled out LC Application Form
  • Proforma Invoice
  • Assessment Notice from Bureau of Customs (BOC)
  • Permits/Clearances from appropriate government agencies (if applicable)