PRODUCTS

Standby Letter of credit

SBLC Process

Being the direct SBLC Provider, we can support imports and exports by providing Standby Letter of Credit – SBLC MT760 on behalf of importer and in favor of the exporter to conclude their trade deals.

To avail SBLC from us, follow the simple process given below:

  1. At first, the buyer submits their SBLC request by sending their Sales and Purchase Agreement or proforma offer of their trade deal.
  2. We will review the trade deal between the buyer / seller. After doing the careful study, we will inform the buyer about our approval of their MT760 request.
  3. If their request is approved, we will sign a service agreement with them. Also, we will inform the client to pay the service charges to start work on their Standby LC transaction.
  4. After receiving the service charges, we will structure their SBLC as per their deal and send the SBLC draft for their review & approval. Also, we will inform them to provide the required documents and pay the issuance fee.
  5. Upon receiving the issuance fees, documents, and the approved draft, we will act instantly. We provide Standby LC from our bank account with the European Bank. This MT760 will be on behalf of the buyer and in favor of their seller to conclude their trade deal.
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