Hi, I am an small new exporter from
I need your valuable guidance to know whether the above LC's are safe and eligible for taking a bank loan against to it .
Wish to know any other valuable inputs on this
thanks
suresh.ss
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Guidance required on LC
Replies (2)
a back to back LC means that your exported goods would get sold to next country or party, and your payment realization would be subject to payment realization of 3rd party to 2nd party.
if the LC is open for negotiation, then it can be discounted by the bank.
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