MCI, we open LCS for the items ranging from commodity goods to apparel and textiles, and electronic components to consumer appliances and specialty products even for country-to-country shipment such as from China to UK, Bangladesh to Germany etc.

We have available bank accounts and credit lines at prime banking institutions, which are primarily used for the LC issuance. Once the LC is issued, and you have a copy of the bill of lading, you will still need to provide to our bank the funds to pay your end supplier. When we receive that payment, we release in your favor the documents which control your shipment.

When you, the client, wish to open a letter of credit, we review the details of your transaction so that we can decide about the transaction on its merit. We can open letters of credit for any goods that do not violate our ethical and legal criteria. Prohibited transactions would include those involving principals in countries which are on international restriction lists.