What does BCL mean?
This stands for Bank Comfort Letter. It is a letter provided by the buyer’s bank to confirm that the buyer has sufficient funds to carry out the transaction. The intermediary can’t give a BCL because intermediaries does not have the money in their bank account. If you get a BLC from your end buyer and hand it over to the supplier you have just lost the deal. They will deal directly with each other and you are out. An intermediary cannot deal with a BCL. However it may apply to a direct buyer doing business with an end Supplier on some occasion – but cannot simply be applied when intermediaries such as Buyer/Seller are involved.
