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Hi Malik Qais hea..
L.C is opened when go for foreign purchases, L.C opened through bank.
Step 1. Fill the application form, like, (Product detail, Price, Purchase order etc),
Step 2. Send it to concerned bank like NBP.
Step3. L.C will b opened and its copies will be send to foreign supplier's bank and then it make sure for him(Supplier) Both the banks (Exporter n importer) involves with each other.
Any questions?
| | | ---------------Original Message---------------
From: Unknown User
Sent: Thursday, July 22, 2004 2:54 AM
Subject: letter of credit opening procedure
Dear All ,
I want to establish a letter of cerdit for procurement of imported goods .
Could you pl explain the procedure in detail step wise.
Regards
Datta Choudhari |
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