LC Charges


This query is : Resolved 

31 December 2008 Dear Sir,

Can you explain ,e the detail procedure for opening an inland LC? Also provide me with the list of charges to be paid at the time of opening & closing of LC.

ravi (Expert)
03 January 2009 sir,

generally banker will deduct the charges as per the your L/C amount and the period (i.e.sight, usance L/C)

if u have any loan in bank, then in your sanction letter the detials of L/C charges will be given.

regards
k.ravi


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