Stand By Letter Of Credit (SBLC)

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STAND BY LETTER OF CREDIT(SBLC)

A guarantee of payment issued by a Bank on behalf of a Client that is used as payment in case of default by the Applicant. SBLC become operative in case the Applicant defaults, then the beneficiary in whose favor the SBLC was issued, can draw on the SBLC and demand payments. It protects the Seller.

Features & Benefits :

• Currency can be Indian & Foreign

• No Vintage required ( Age of the Firm can be Less than 1 Year)

• No Collateral required

• Validity Period 1 Year

• Multiple Transactions from a Single Supplier

• Quick Process

Documents :

• Filled in Application Form

• Verbiage (if any)

• Trade Licence Of your Company (in English)

• Share Holders List ( in English)

• Passport Copy of Main Applicant

• Six Months Current Account Bank Statement