To make payment to or to the order of a third party, known as the ‘beneficiary’ against stipulated documents provided that the terms and conditions of the Credit are complied with.
•Role of Banks
One of our current projects is a customized Letter of Credit Management System where you can:
Receive LOC’s electronically
Track LOC values, last dates of shipping and dates of expiry
Create export documentation in conformity with LOC terms
Negotiate LOC’s electronically
Contact us for more details.