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Opening / Negotiation / Advising / Collection / Transfer of Letter of Credit
LC Advising Services
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We undertake advising of LC’s issued by reputed Indian and International Banks to beneficiaries located in South Africa and other parts of the World. LCs are advised directly to the beneficiaries anywhere in South Africa or to their bankers.
For LC Advising Enquiry and Support Desks do call us on 0027 11 778 4512 or 778 4500 Extension 4512
Confirmation of LCs
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Confirmation by SBI South Africa reduces significantly the Credit Risk for Beneficiary and their Bankers. We add our confirmation to LCs issued by branches of SBI and other reputed Banks at a nominal charge. For enquiries do call our us on 0027 11 778 4512 or 778 4500 Extension 4512
Transfer of LC facility
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We handle Transferable LCs against the original LC received by the beneficiary. The beneficiary can make partial or full transfer to the 2nd beneficiary through our bank.
Transferable LCs issued by reputed Banks is transferred by us to 2nd beneficiary and can be negotiated under the security of Master LC or Standby LCs issued by reputed Banks subject to credit arrangement. For enquiries do call our us on 0027 11 778 4512 or 778 4500 Extension 4512
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