Letter of credit

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gopinathbv (Querist)
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06 August 2011 Dear All
I am getting the Letter of credit for my client. In regards pl clarify

1.Can i discount this LC immediately in my bank

2. If not how to encash the LC for immediate Purpose

3. pl tell me complete proceedure how to discount and how to retire the LC

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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06 August 2011 GO TO YOUR BANKER AFTER MAKING THE REQUEST LETTER ALONG WITH FOREX EXCHANGE COPY OF SHIPPING BILL, INVOICE, B/L AND FIRC(IF ALREADY RECEIVE DIN ADBVANCE)

https://www.foodexport.org/GettingStarted/Content.cfm?ItemNumber=1294

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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06 August 2011 GO TO YOUR BANKER AFTER MAKING THE REQUEST LETTER ALONG WITH EXCHANGE CONTROL COPY OF SHIPPING BILL, INVOICE, B/L AND FIRC(IF ALREADY RECEIVE DIN ADVANCE)

https://www.foodexport.org/GettingStarted/Content.cfm?ItemNumber=1294

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