Letters of Credit

Contractual agreements between importers and exporters as mode of payment on Credit terms. Charges for the letter of credit are as per the bank tariff guide.
  

Basic Requirements:

• Applicant for a Letter of credit must be an account holder with the Bank
• Applicant should be an Importer or Exporter
• Contract with Counter party
• Beneficiary details.

   Benefits:

• Convenient
• Value for money
• Acceptable worldwide