what is the full procedure of L.C.

For Opening a Foreign L/C you need to have the following information :

Name of the Exporter and / or Beneficiary

Bankers Name and Address and Bank code number

Port of Lading

Proforma Invoice

Margin Money provisions

Period of L/C

Nature of L/c at sight, irrevocable , continuing etc.

Expected date of shipment

Expected date of arrival of Imported Goods

CIF/FOB value of goods

Insurance details

Shipment details and freight