We offer Standard Cash L/C, Back-to-Back (BTB) L/C, and specialized structured L/C facilities tailored to your procurement requirements and payment timelines.
Types of LC Facilities
1. Sight L/C
Payment is made immediately to the beneficiary upon presentation of compliant documents in accordance with the terms and conditions of the L/C.
2. Deferred Payment L/C
Payment is made to the beneficiary after a specified period, as agreed under the terms of the L/C.
3. UPAS L/C (Usance Payable at Sight)
A UPAS L/C is a Usance L/C under which the beneficiary receives payment at sight upon presentation of compliant documents, while the applicant settles the payment with the Bank on the specified future maturity date.
Opening a new bank account with TBL is simple. Follow these steps: