Understood the features provided by the bank. Opening the custody account is not difficult. Submit the required documents to open the account with the minimum balance. Read more: https://bit.ly/32JRtt8
A letter of credit a legally binding agreement with some terms and conditions. It commonly-known as a credit letter that is issued by the bank as a guarantee. See more: https://bit.ly/2XY0cDZ
Offshore bank is the banking services utilized outside one’s country of residence. If you can take advantage of this service then you can get many benefits. See more: https://bit.ly/2ARzAww
Sellers, on the other hand, fear that they might not get the payment after delivering the goods or services. Thus, the perfect solution for this is using the letter of credit. Read more: https://bit.ly/3eyaGQx