1. BC Import Under LC
  2. Product Catalogue
  3. Product Code – IPCL/IUCL/IUCM
  4. Introduction

2.5.1 Introduction

IPCL - This Product is used to book the Incoming Clean Sight Bills under LC on Payment for both Credit Compliant Document Submitted by the Negotiating bank.

IUCL - This Product is used to book the Incoming Clean Usance Bills under LC on Acceptance (Advance by Loan) for both Credit Compliant Document Submitted by the Negotiating bank.

IUCM - This Product is used to book the Incoming Clean Multi Tenor Bills under LC on Acceptance for both Credit Compliant Document Submitted by the Negotiating bank.

Purpose: To Settle the Bill Amount.

Parent topic: Product Code – IPCL/IUCL/IUCM