What is the difference between LIM and LTR?

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1043631

2026-08-16 17:05

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Like Lim, LTR is ‘Post Shipment Import Trade finance’ given by the Bank to the Importer. Difference is, in Lim, the possession of the released goods remains under bank’s control but in LTR, the Goods remains with the Importer. But he is holding the goods not as their owner but as an agent for the Bank

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