Khafee
BANNED
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- Oct 9, 2015
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Sir, These deals, do not work this way.Once proposed to create an LC and then a Bank will issue guarantee whereby amount will be released upon delivery of product while till then, it remains with Bank. Don't know why but never pushed hard for it.
Like I said earlier, even before the manufacturer moves, you put down a down payment, and then as per the stages of production you pay. Final Amt is before delivery.