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MLR

Letter of credit

A letter of Credit, also known as documentary credit, or letter of Undertaking, is issued for facilitating international trade transactions by providing security to both buyer and seller. With a credit, a bank steps into the shoes of the buyer and guarantees payment to the seller, subject to the specified terms and conditions being compiled with.

For issuance of LC in third countries

  • Duly completed LC application form, sealed and signed on every pages by the applicant.
  • Import license from Ministry of Economic Affairs
  • Performa Invoice

For issuance of LC in India and Inland

  • Duly completed LC application form, sealed and signed on every pages by the applicant.
  • Performa Invoice

Download Application Form

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