Limitations of LCs and the risks involved

Connecting Businesses with Lenders

LCBIDDING.COM intends to provide clear and unbiased information about LC discounting products and services. The information and data are generic in nature. Our efforts are to offer unbiased, accurate and responsible data to the best of our ability. We are however, in no manner or form responsible for any discrepancies in the data published on our website.

There is no intention or purpose of violating any intellectual property or ancillary rights. All information provided on the portal LCBIDDING is subject to it's discretion and is likely to change without any notice. Though, any changes in public utility will be communicated on our portal.

Although we have tried to maintain high standards in quality, clarity and accuracy of the material posted on the portal. LCBIDDING is not legally responsible for the same in any manner what so ever.

Employees, partners and associated staff of LCBIDDING are not accountable for any loss, harm or damage that occurs or may occur or arise from the usage of information from the portal. Customers are advised to use their own discretion in such matters.

It is important to understand that it is the responsibility of the Borrowers and Lenders to understand the limitations of LCs and the risks involved, and under no circumstance, form or manner, do we take any liability Case of any default. We also recommend you to please read the LC and other documents carefully. The information provided on the portal is for LC discounting purpose only and discounting interest rates offered are in consultation with lending bank and NBFC and the Same will be valid for 2 days only.

Visitors to this website/portal and every third party is hereby informed that the owners of this website/portal, viz., LCBIDDING (Parthiv Digital Fin Pvt. Ltd.,) are not the agents, corporate agents, related party or intermediaries of the insurers, whose products are dealt with in this website/portal. They are also not the sub-agents or sub-intermediaries of the agents and intermediaries of the respective Lenders. Though endeavour is made to make correct LC/Discounting rate comparisons, quotes, features, etc., based on the information provided by the lenders, it is made abundantly clear that LCBIDDING (Parthiv Digital Fin Pvt. Ltd.) , its directors, shareholders, officers and employees and are in no way responsible to or liable for any one for Borrowing or Lending decision, and every prospect/ Lender/borrower shall be solely responsible for the consequences of his/her decision.