Mina Finance

An Investment Business

Letters of Credit

Letters of credit are a payment mechanism, particularly used in international trade. The Seller gets paid, not after the Buyer has inspected the goods and approve the, but when the Seller presents certain documents (typically a bill of lading evidencing shipment of the goods, an insurance policy for the goods, commercial invoice, etc.) to his bank. The bank does not verify that the documents presented are true, but only whether they “on their face” appear to be consistent which each other and comply with the terms of the credit. After examination the bank will pay the seller (or in LC terms the beneficiary of the letter of credit).

Contact Us

US Office Details

Telephone: +1 917 749 8767

Email: tariq@minaholdingllc.com

70 East Sunrise Highway, Suite 563, Valley Stream, NY 11581, USA

India Office Details

Telephone: +91 20 79602347

Email: tariq@minaholdingllc.com

KGC international B501, Lapis Lazuli appartment, Garnet building,
Lane No.5, Koregaon Park, Pune- 411001 Maharashtra, India