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.
Sight, usance, transferable, or standby LCs available.
Universally recognized by banks and trading partners.
Importers review and approve documents before funds are released.
Exporters are paid once documents comply with LC terms.
Refer to tariff guide
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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