SBLC Procedures
Please read this section before contacting us and asking about SBLCs
Once the SBLC has been raised either Barclays or HSBC will contact the clients bank by MT760 advising the SBLC is now ready to be claimed and both fees and agreed ratio needs to be paid with in 3-5 working days.If that is not done the fees for the raising will be claimed by default by the bank, and the SBLC will be sold to a trade desk and the defaulted client will be “ Black Listed “ from all tier 1 banks in the future. BPU’s are not accepted as there is always doubt that they will be honoured or the client does not have access to the funds to buy the SBLC. The whole process from fees paid to the SBLC can be as little as 8-10 days, its that fast and that simple.
When raising a SBLC, please remember that both the bank issuing the SBLC and the company raising it will ask for a fee.
The fee size depends on the SBLC value and the quality of the bank tasking the SBLC. These fees will be amount the lowest available, and the bank ratio offered will be among the best in the industry.
We have excellent relationships with tier 1 banks in London , both HSBC and Barclays.
Now all that is required is the client needs to pay the fees, they can pay them to our finance company Acasa Remittance Services (EU) limited who will hold the fees until the SBLC has been raised, both Barclays and HSBC are comfortable with that due to a long established working relationship.
