Inland Letter of Credit
Our letter of credit serves as a guarantee for payments made to a specified person under specified conditions.
Our letter of credit will facilitate easy purchase of goods from unknown suppliers and provide assurance of payments to you.
The bill is then presented to the borrower's customer on the due date of the bill and the customer collects the total amount due.
The letter of credit obligates the issuing bank to pay the money not only to the beneficiary, but also to any other bank nominated by the supplier.