To Avail Buyer’s Credit….. Email: firstname.lastname@example.org, M: +919825560186
As mentioned in article “Procedure for Buyers Credit“, Post receipt of offer letter from Indian Bank overseas branch or Foreign Bank, Indian Bank has to send Letter of Comfort / Undertaking (a type of Bank Guarantee) to overseas bank as security before funding the transaction.
Below link gives a sample format, to give an idea of the content of such LOU / LOC. Please note each bank and some times each bank branch has a different format. Thus, at every transaction, insist your buyers credit consultant to give you format of LOU / LOC along with offer letter to avoid any complication in the transaction.