we have import and export code. we have buyer for import of palm oil and it on the brink of issue of PO. we have also negotiated with seller. the buyer will pay by LC but seller wants advance.
so we need finance of 5 million INR to pay to seller we do not have collateral.
3 freelancers are bidding on average ₹30092 for this job
Good Afternoon You can do a Back to Back transaction with the incoming (or Export) LC as the collateral. Ask your Bankers about a Back to Back transaction. Lily