ORIX Leasing Singapore Limited

Letters of Credit

 

ORIX Leasing Singapore Limited can provide letters of credit to your international suppliers to facilitate the import of equipment or machinery.

A Letter of Credit (LC) may be required when importing equipment from overseas. ORIX Leasing Singapore Limited can issue an LC to your overseas supplier's bank in order to facilitate the import of equipment. The Letter of Credit can be converted to a Hire Purchase arrangement for the equipment, simplifying the process of importing and acquiring the asset.

At a Glance

• Issuance of Letters of Credit (LC) to facilitate the purchase of equipment from overseas suppliers.
• LC charges to apply.
• Purchase & Hire interest rate to apply.
• Purchase by LC can be converted into a Hire Purchase for the asset subject to the usual credit risk assessment.

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