Description
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.
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.
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Letter of Credit Services, Types of Letter of Credit, Banking Letter, Letter of Credit For Import, Letter Of Credit For Export, documentary credit services
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