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| LC / Bill Discounting Review |
In other words the LC receiver ( Letter of Credit receiver / exporter) is looking for working capital to procure the ordered material and ship it out in time.
Most of the LC receivers always turn towards the financiers who ask then for high returns on the investment and finance provided. In the worse case they fall pray to fake funding personals or chain of brokers who waste their time and results in loosing the contract as well as money.
Best way is, always first approach to your bankers. The banks will certainly help you with capital provided for procuring the material against the orders and Letter of credit received, subjected you qualify their terms and condition.
You can appoint good consultants having proper knowledge for pre shipment finance or pre shipment bill or LC discounting. These consultants do their job in well manner position and with in time frame making the entire episode attractive and interesting.
Most of the LC receivers always turn towards the financiers who ask then for high returns on the investment and finance provided. In the worse case they fall pray to fake funding personals or chain of brokers who waste their time and results in loosing the contract as well as money.
Best way is, always first approach to your bankers. The banks will certainly help you with capital provided for procuring the material against the orders and Letter of credit received, subjected you qualify their terms and condition.
You can appoint good consultants having proper knowledge for pre shipment finance or pre shipment bill or LC discounting. These consultants do their job in well manner position and with in time frame making the entire episode attractive and interesting.
Written by: Naik
Letter of Credit Discounting
Date published: 11/06/2015
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