Letters of Credit
Contractual agreements between importers and exporters as a mode of payment on credit terms. Charges for the letter of credit are as per the bank tariff guide.
Benefits
- Convenient
- Value for money
- Acceptable worldwide
Basic requirements
- The applicant for a letter of credit must be an account holder with the bank
- The applicant should be an importer or exporter
- Contract with the counter party
- Beneficiary details
Need more help?
Contact Orient Bank by phone or email, or visit any of our branches.