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Standby Letters Of Credit

Standby Letters Of Credit

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We are a reliable Standby Letters of Credit Service Provider and Consultant in Kolkata, West Bengal, India. A standby letter of credit is a security or a guarantee, where payment is provided to the "beneficiary" by the bank if its client fails to pay. These letters are provided in international trade transactions like importing goods. Irreversible Standby Letters of Credit cannot be cancelled without the permission of all parties from beneficiary, applicant to the issuing bank. This service aids the parties when it comes to advance payment, performance, bidding bonds, financial conditions, etc. In addition to this, the requirement for availing this facility is that the clients should have credit facility to request for issuing a Standby Letter of Credit.