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Trade Globally with Peace of Mind
Our Letters of Credit (LCs) service bridges the trust gap in international trade by providing a payment undertaking on behalf of the importer, subject to the presentation of compliant documents. This ensures exporters receive guaranteed payment while importers retain control over shipment and delivery conditions. Offered in accordance with ICC Uniform Customs and Practice for Documentary Credits (UCP 600), under these rules, an LC is separate from the underlying sales contract.
Benefits
Flexible Structures
Sight, usance, transferable, or standby LCs available.
Global Confidence
Universally recognized by banks and trading partners.
Controlled Transactions
Importers review and approve documents before funds are released.
Assured Payment
Exporters are paid once documents comply with LC terms.
Tariff Guides
Refer to tariff guide
Requirements
Buyer must have an account and an established facility/limit with ICB- Valid sales contract between importer and exporter.
- Agreed list of trade/shipping documents (e.g., invoices, transport documents, insurance certificates etc).
- Application for issuance of the Letter of Credit.
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Alternative Delivery Channels
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Agency Banking
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Internet Banking
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Mobile Banking
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ICB Umoja Debit Card
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ICB Mastercard Debit Card
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