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What does BCL stand for?

Anonymous

∙ 14y ago

Updated: 9/14/2023

A Bank Comfort Letter or Bank Capability Letter is a document issued by the bank of the importer to confirm the capacity of the importer to pay for the goods or services being acquired.

Wiki User

∙ 14y ago

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What does BCL stands for In import and export trade?

A BCL is a Bank Comfort Letter, which is a document issued by the bank of the importer to confirm the capacity of the importer to pay for the goods/services being acquired.

In business terms what's BCL?

a BCL stand for bank comfort letter. Only an idiot would expose his bank account holding millions of dollars to intermediaries or a seller half way across the other side of the world-.And even if they did- It only proves that such a person has more money than sense. It does not mean he will buy the product- A Guarantee is needed for that to happen .For example, an (L/C): Showing funds and buying are two very different doctrines- In the case of Intermediaries, they have not got millions (most haven't anyway) hence how can they produce a BCL- In any case even if they could it is against all banking laws to speak about a person's account, and no bank will simply do so because of some paper which says BCL on it, produced by an intermediary via fax from another planet- Really guys..?

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