Mr. Karl owns the manufacturing unit in South Korea. Produces good quality aluminium strips. These aluminium strips are used in many industries including pharma, automotive, electronics, etc. And having worldwide demand. The company incorporated 5 years ago and multiplied the business every year. The current year turnover of the company is around $ 56 million.
Mr. Karl got the order of $7 million from the mid-sized Indian company. This Indian company has also recently started doing wonderful business. However, not having a long track record of the business. Mr. Kamat owns this Indian company. Mr. Kamat wants to purchase these aluminium strips and Mr. Karl also wants to sell these.
However, Mr. Kamat is not sure, if the payment is made Mr. Karl will deliver the goods or not. And Mr. Karl is not sure, if the goods are delivered or manufactured, Mr. Kamat will make the payment or not. Both of them are very genuine business companies. So they decided to effect the transaction backed by the discounting of LC. So this can give the comfort of the transaction to both Mr. Karl and Mr. Kamat.
Product to be ordered
$ 7 Million
30 days from shipment
This was the first time Mr. Kamat was entering into an international transaction and he had no idea how the whole LC transaction would take place. He discussed the same issue with one of his business friends and his friend suggested that he should approach Terkar Capital. When Mr. Kamat approached Terkar Capital, our expert’s team understood the whole transaction and arranged the issuance of the LC within 24 working hours. We arranged the discounting of LC from SBI. The issuance of the LC was so fast that Mr. Kamat was able to place and confirm the order in 2-3 working days. Considering the swift confirmation of the order and LC issuance, Mr. Karl was also impressed with Mr. Kamat’s commitment towards the order and decided to prioritise the order. In the next 25 days, Mr. Kamat received the order from Mr. Karl.
Since then Mr. Kamat always trusts the valuable advice and effective execution of Terkar Capital. Whenever Mr. Kamat requires any assistance for the issuance of the LC or the discounting of Letter of Credit he approaches us and our experts conclude it to the best.
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