LC-BG IMPORT-EXPORT LIMIT
Difference Between Letter of Credit and Bank Guarantee Last updated on January 13, 2018 by Surbhi S letter of credit vs bank guaranteeLetter of Credit (L/C) is a financial instrument, used as an evidence of creditworthiness, issued by the bank of the buyer, concerning his credit history. L/C is often confused with a bank guarantee, as they share some common characteristics like both play a significant role in trade financing when the parties to the transactions don’t have established the business relationship.Difference Between Letter of Credit and Bank Guarantee Last updated on January 13, 2018 by Surbhi S letter of credit vs bank guaranteeLetter of Credit (L/C) is a financial instrument, used as an evidence of creditworthiness, issued by the bank of the buyer, concerning his credit history. L/C is often confused with a bank guarantee, as they share some common characteristics like both play a significant role in trade financing when the parties to the transactions don’t have.
Identity Proof
- PAN Card
- Aadhar Card
- Voter ID
- Driving Licence
- Passport
Address Proof
- Registered Rent agreement
- Aadhar Card
- Driving License
- Lease agreement
- Passport
- Latest Gas or electricity bill
