Description

DLC / LC AT SIGHT
 
We issue Documentary Letter of Credit / LC at sight for term of *0 days or sometimes **0 days from good strong banks in Hong Kong and Singapore for those clients who need DLC / LC to support their commercial transactions especially for export / import of commodities like Rice, Steam Coal, Scrap Metal, etc.
 
P.S:  But please note, NOT "Usance LC", we don\'t issue "Usuance" type LC\'s from first class banks;  unless client will accept such Usance type LC from a Non Bank Financial Institution then we can do it for him.
 
For DLC/LC at sight we issue from Stand.Chartered Bank Hong Kong, or from OCBC bank, DBS bank, or Dah Sing bank for term *0 days, sometimes for **0 days.
 
Face amount DLC should just be reasonable from say US$ **0k up to 1M or maybe most 2M.  An amount that truly reflects normal daily transactions for export & import of commodities. And an amount LC that client has actual cash to be able to pay our total opening fee.
 
 
Below is the step-by-step procedure for issuance of DLC/LC at sight for you or your client.
 
1.  Client send us copy of their Proforma Invoice (PI).
 
2.  We will send the draft copy of the DLC/LC to him based on his need.
 
3.  This draft LC copy is stamped and signed by the client and he send it back to us along with ID copy of the client.
 
4. He proceed and wire the agreed opening fee in full to our nominated account. For all DLC and LC issuances there is no BPU and all that kind of stuff is not accepted, except the agreed opening fee must be wired in full to our nominated account, after we receive it only then will issue the LC and swift it by MT **0 to client\'s nominated account coordinates which is usually his supplier or exporter.
 
5. After we receive the full issuance opening fee, the LC will be issued within **4 working days, and we send you courtesy copy of the swift MT **0 immediately after the swift is dispatched in order for you to follow up with your bank. We will try to expedite the swift earlier but it\'s safe to say *-to*4 bank working days after we receive your payment for our opening fee.