Ø How to open LC Documents in to the Bank
Steps 01
Ø Contract with buyer & Seller
Ø Opening a Bank Account in the Company name in the schedule Bank only “AD Branch.”
Ø Collect Proforma invoice from exporter
Ø Submit said proforma invoice in the Bank
Ø Collect LC application form
Steps- 02
Now apply Bank for opening Letter of credit (LC) along with necessary papers. Like,
Ø LC opener forwarding
Ø Proforma invoice
Ø Checklist (All Back to Back terms and conditions include here)
Ø IMP Form
Ø Trade license
Ø TIN
Ø ERC
Ø IRC
Ø Incorporation certificate
Ø Memorandum
Ø NID for MD