A client buying regularly from his supplier is opening letters of credit or making deposits, etc. This means that he is using his own money even before the goods are received. The longer the manufacture and shipment period, the more advantageous it is for the client to use our letters of credit. Instead of locking his money up with his supplier, he can use his money to hold stock, finance credit terms to regular buyers, market, etc.
When the letter of credit is opened through us, he does not need to use his money until the goods arrive. This can be any amount of days after the letter of credit was opened.
Your information will be kept confidential.