1 / 3

Letter of Credit Service By Axios Credit Bank

We at Axios Credit Bank take the hassle out of all your letters of credit requirements and provide you safe, reliable, and suitable documentary credit services as per your business requirements.<br><br>Contact us now!!!

axioscreditbank
Download Presentation

Letter of Credit Service By Axios Credit Bank

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Letter of Credit Service By Axios Credit Bank A letter of credit is a promise by a bank on behalf of the buyer (customer/importer) to pay the seller (beneficiary/exporter) a specified sum in the agreed currency, provided that the seller submits the required documents by a predetermined deadline. Advantage for the seller: The security that the supply of goods will be paid. Advantage for the buyer: The security that payment will be effected only against delivery of the agreed documents.

  2. We at Axios Credit Bank offer ​letter of credit services​ in Malaysia for your business requirements. Now assure your suppliers with our letter of credit and make business transactions easy. Procedure for a Letter of Credit 1. ​Opening 2. Notification/confirmation 3. Amendment 4. Using and Honoring Letters of Credit Types of Letters of Credit 1​.​​ Sight 2. Deferred Payment 3. Acceptance 4. Negotiable Credit

  3. Particular Types 1​. ​Transferable L/C 2. Revolving L/C 3. Red Clause L/C 4. Green Clause L/C A ​letter of credit​ is a promise by a bank on behalf of the buyer (customer/importer) to pay the seller (beneficiary/exporter) a specified sum in the agreed currency, provided that the seller submits the required documents by a predetermined deadline. Advantage for the seller: The security that the supply of goods will be paid. Advantage for the buyer: The security that ​payment​ will be effected only against delivery of the agreed documents. Recommended Read :- ​Guide to Letter Of Credit: Definition, Types, and Procedure

More Related