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We are a Doha based distribution company and involved in importation, distribution and marketing of FMCG products in Qatar, UAE, Bahrain and other GCC counties.
Approximately two weeks ago we applied for USANCE LC 180 days from Kingrise Finance Limited, we paid the fees on Tuesday last week, and today we received the usance lc from Kingrise Finance to make payments to our suppliers (Cross Border) for smooth shipments to us.
This is the second time we will be using Kingrise services, the first transaction was in December and it was a deferred LC of 18 million dollars. The good thing about Kingrise Finance is that all our instruments were issued by HSBC to meet our needs.
We are very happy to be associated with Kingrise and will happily recommend them to any company that is looking for usance lc, dlc or any letter of credit.
Tip for consumers:
If you need letters of credit for cross border trading financing like us then I think you should make sure you request the instrument to be cut or issued by HSBC or any major top 25 world bank.
Waqar K.'s review of Kingrise Finance Limited earned 3 Very Helpful votes
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