export financing

david964 · Post by **david964** » Wed Aug 29, 2012 2:31 am

LC is actually an account being opened by banks for the purpose of expo n imp in which you deposit Ur money for the payment to the party u r dealing with. if the party does not provide u a delivery then u can stop the amount of LC being payed to the party. u have to fill a margin money which is 110% generally of Ur trading amount. it differs from bank to bank.

markspend01 · Post by **markspend01** » Mon Jun 10, 2013 2:28 pm

Hey Guy well i think that LC is the best facility which is issued by the bank for the purpose of payment method.Thanks!!

HeatherWillt · Post by **HeatherWillt** » Sat Jul 06, 2013 5:02 am

I was not aware about LC.I will definitely find out things about it and see weather it can be beneficial for my business or not.
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