LETTERS OF CREDIT
A Letter of Credit is a commitment from your customer’s bank to pay you for your goods and services, provided specific terms and conditions are met.
Letters of Credit are widely used in trade finance to reduce risk, build confidence and enable smoother transactions between parties who may not have an established relationship.
HOW A LETTER OF CREDIT WORKS
The buyer requests a Letter of Credit from their bank. The bank issues the LC in favor of the seller. The seller delivers goods or services according to the agreed terms. Once required documents are presented and verified, the bank releases payment to the seller
KEY BENEFITS OF USING A LETTER OF CREDIT
Reduced risk for both parties Increased trust in trade improved cash flow management Global acceptance Enhanced negotiating power Bank backed security
WHY CHOOSE A LETTER OF CREDIT?
Whether you’re expanding into new markets, managing high-value transactions or strengthening your supply chain, a Letter of Credit provides security, confidence and peace of mind allowing you to focus on growing your business.
COMMON COUNTRIES
Algeria Australia Bangladesh Brazil Cameroon China Cote D'Ivoire
Ecuador Egypt Ethiopia Finland Ghana India Kazakhstan Korea, Republic of
Lebanon Libya Mauritania Morocco Nigeria Oman Pakistan Qatar
Saudi Arabia Sri Lanka Togo
Tunisia Türkiye Uganda Uruguay Vietnam
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