Which country are you in brother !
If the LC is confirmed by your bank, you should request them for a packing credit. Let me know if you need any help if you are in UAE
Raj Nair
cherukunnu@hotmail.com
971 50 2194175
Beware of the situation when LC is not utilized by beneficiary (shortage of goods, price increase on the market and there is no longer interest to sell goods at the original price) and the loan is offered having pledge the LC
Would not continue this blog.
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