Performance bond providers

2. Detailed and Interesting guide on various kinds of letters of credit! Letters of credit areone of the most adopted finance services among buyers and sellers who deal with international trade. There are several banks that offer this kind of service to international traders. Are you also in the international trade and want to avail letters of credit international trade service? If yes, then here is an important guide for you. Before availing the letters of credit service, you should first know the types of it. Yes, letters of credit service are available in several types and sellers and buyers choose among these types as per their business requirements. So, be smart and choose the best type of letter of service for you from a trusted and famous bank such as Oxford Investment Bank.  Red clause letters of credit: It gets this name because it is printed on the red color document for catching the attention towards the 'advance payment' term. Via red clause LC, a seller can request the advance payment before shipping goods.

3. Irrevocable Letters of credit:  It is the type of letters of credit that is not possible to modify or cancel without the seller's consent. Revocable LC: This letter of credit can be modified or canceled at the buyers' instructions. It doesn't require the prior agreement of the seller. After the revocation of letters of credit, the bank doesn't have any liabilities. Payment at sight Payment at sight letters of credit facilities the seller to get the immediate payment as the necessary documents are submitted. Standby letters of credit: In-kind letters of credit offer more flexible collaboration opportunities between buyer and seller. Atrade finance service provider is the most common type that is opted by international traders.

4. Transferable LC: In such a kind of LC, a seller can assign part of the letter of credit to other parties. It saves the need to open different LCs when there are more than one manufactures of goods involved. Apart from this, for more details on the letters of credit service, you can approach the Oxford Investment Bank. Here you would get all kinds of LC as per your choice. It is one of the most trusted performance bond providers that offer different kinds of services apart from the LC. Here you would get other services such as Bank guarantee, proof of funds, documents, documentary collection, performance guarantee, standby LC, and others.

5. Thank You For Visit Website:- https://oxfordinvestbank.com// Address:- info@oxfordinvestbank.com