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Letter of Credit

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Letter of Credit

A letter of credit, or "credit letter" is a letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make a payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase. It may be offered as a facility.

Due to the nature of international dealings, including factors such as distance, differing laws in each country, and difficulty in knowing each party personally, the use of letters of credit has become a very important aspect of international trade.

We at Dreammerchants Consultancy Pvt. Ltd., provide a quick and simple loan option that will allow for any buyer to be able to have the financial structure to procure a letter of credit to carry out his or her business.

Companies, business people and even sole proprietors can contact us and seamlessly apply for a loan to get the monetary support needed to be able to carry forward with international trade and export.

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