Import Electronic Goods from China Using Letter of

Credit at Sight

Presented by,

www.importletterofcredit.com

Challenge: Getting LC at Sight from their Bank

Story Overview

Bronze Wing Trading facilitated Letter of Credit at Sight on behalf

of an Indian trader to import electronic goods from a Chinese

Supplier.

Problem: The Client Required Letter of Credit at

Sight

Solution: Our Process in Issuing LC at Sight

Problem: The Client Required Letter of Credit at Sight

▣ To meet the product line of the new mobile showroom, the client

decided to import best quality electronic goods from China at the

lowest price. Accordingly, they found a reliable supplier from

China.

▣ The buyer (client) discussed with the supplier regarding the

payment term and mutually agreed to use LC at Sight as a

payment term to import electronic goods.

Challenge: Getting LC at Sight from their Bank

▣ Our client didn’t have any existing bank facilities, so they contacted

their bank to ask the procedure to open LC on their company’s behalf.

Since the trader had a good credit score, the bank said “Yes” to issue

LC under 100% cash margin.

▣ Since the client’s working capital has been tied with their running

business, they were unable to provide cash margin to their bank to

open LC.

▣ So, they decided to use some other option and searched for Letter of

Credit Providers. And found us via our Company Newsletter and

contacted us with their LC request.

Solution: Our Process in Issuing LC at Sight c

▣ Once we receive the LC request from our client, we analyzed and

approved their request.

▣ The client paid the service charges & signed the service agreement.

Then, we worked with our bank to structure the LC and sent the LC

draft for their approval.

▣ The Client approved the LC draft and paid the LC issuance fee charges.

▣ After getting LC approval and LC issuance fees, we instructed our bank

to issue the LC to the supplier’s bank via SWIFT MT700.

Watch This Video to Know How to Open LC in 2 Days

Are You Looking to Get LC MT700 to Import Goods from

Overseas?

Get LC at Sight from European Banks

at ZERO Cash Margin!

Email Id: support@importletterofcredit.com

Call Us: +971-4-5519699

Call/WhatsApp/BOTIM: +971-50-4648761

Visit: www.importletterofcredit.com

Contact Us Now!

Follow Us On:

For all Your Import & Export Finance

Needs, Contact us at Any Time!