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A letter of credit is a financial instrument that serves as a guarantee of payment between a buyer and seller in international trade. Our letter of credit services provide businesses with the assurance they need to conduct transactions, ensuring that the seller receives payment once they have fulfilled the terms of the agreement.
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Our letter of credit services offer flexible and customizable options that are tailored to meet the specific needs of our customers. We offer both import and export letters of credit, with varying terms and conditions that are designed to provide maximum flexibility and protection. Due to the nature of international dealings, including factors such as distance, differing laws in each country, and difficulty in knowing each party personally, the use of letters of credit has become a very important aspect of international trade.
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With our letter of credit services, you can enjoy peace of mind knowing that your transactions are backed by the financial strength and credibility of our associated lenders. We ensure that the terms and conditions of the letter of credit are clear and accurate, minimizing the risk of any disputes between the parties involved.
Our scope of work as
Letter of Credit Providers
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Obtaining and analyzing necessary client documents
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Conducting discussions with various lenders and identifying the intending lender
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Filing necessary paperwork and application forms with the bank
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Conducting meetings with various executives at all levels in the bank
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Obtaining the draft term sheet/sanction letter from the bank
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Getting Letter of Credit sanctioned according to the term sheet
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Communicating sanction to the client and initiating the documentation and disbursal process
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Completing all disbursement formalities and ensuring successful completion of the disbursement process
Contact us today to learn more about how our letter of credit services can help you achieve your business goals and give you the financial protection you need for international trade transactions. Our team is here to help guide you through every step of the process and ensure a smooth and successful transaction. Call us on +91 9716009801 and our team will take care of your funding needs.
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At MVG, we believe in providing the highest standards of ethical, integral and most importantly, transparent operations.