Letters of Credit (LC) are a common instrument for international trade transactions as LCs are a convenient way of eliminating possible risks in international transactions. We offer our customers different kinds of LCs depending on their needs and financial capabilities. Our consultants are here to help you find the right kind of LC best suited for your needs.

What is a Letter of Credit?

A Letter of Credit (LC) is a payment assurance in the letter of credit to the seller, and the letter serves as an assurance for the Buyer against the purchase and shipment of goods, submission of appropriate documents, and the relevance of other conditions included in the letter. The issuer (Bank) transfers the payment to the seller’s account only after the ownership of goods has been transferred from the seller to the buyer, and also upon meeting other conditions stated in the Letter of Credit.

How we can help you?

A Letter of Credit has several advantages when it comes to easy, hassle-free, and convenient international trade transactions. Alongside helping you select the right LC for your personal and business needs, we can ensure that you face the minimal amount of risks involved in the process. To eliminate the risk of our customers losing money as buyers, we can draft LCs that include relevant terms and conditions for the convenient transfer of ownership of the goods. The Seller’s contractual obligations are to be met before the buyer can make any payments regarding ownership, including catering to other terms such as the period indicated in the LC for transfer of ownership. On the other hand, sellers receive a guarantee of payment subject to the Buyer’s contractual obligations. With the right guidance, sellers also have the opportunity of receiving payment before handing the goods over to the buyer and the possible execution of commercial contracts.