Hi
We make a contract and then issue the lc for 180 days to buy goods from you.
I will make application to send the lc say for usd 300k to your seller.
Then seller recvd the lc ,then have to issue cargo receipt and packing list and invoice for me to sign.
After signing, yur seller send to bank for negotiate the lc ,then bank send this documents to my issuing bank.
Then my issuing bank will send mt700 confirmed to make payment to seller's bank at 180 days.
When your seller's bank recvd the Confirmation of payment,then within 2 days your seller's bank will release the money 100% less bank charges ( seller bank)
Then we use this money to invest together and cover this within 150 days,
Then we increase the amount to Usd 1million,in several bank account.
Important is your beneficiary must come out with the issuing fees of 10% and + the balance of 5% to be paid after we get the drawdown.This is for the issuing bank charges.
The issuing bank name is RSI Bank Plc (London) and Suisse Credit Capital ( UK) you can choose either one lof the issuing bank.:
Dear.Steve
Explain on me about your lc how did i can process to client
step by step 1 2 3 4
Rgds
Grischtana