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Documents are required for opening Import L/c.

created Feb 26th, 16:45 by 01647253648


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123 words
23 completed
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1. Valid Trade License
2. Valid IRC
3. Valid Membership Certificate
5. Indent/Proforma Invoice  
6. Insurance Cover Note
7. L/C Application
8. L/C Authorization From
9. IMP
Charge documents
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Confirmed L/CL:
A confirmed L/C is one which has been confirmed by the advising bank. The bank issuing L/C send the same through its  branch or correspondent bank in the beneficiary's country with a request to add its confirmation to the credit. If the advising bank adds  confirmation to the credit it becomes a confirmed L/C.
Revolving L/C :
To suti the special requirements of importers who require regular and continuous payments to their suppliers, country with a request to add its confirmation to the credit it becomes a confirmed L/C.
 

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