Letter of Credit

By means of our broad network of correspondence, we provide service to buyers and sellers in letter of credit transactions.

A letter of credit is a written undertaking from a bank to pay or incur a deferred payment undertaking to a seller against the delivery of a specified set of documents provided the seller meets precisely-defined conditions and submits the prescribed documents within a fixed timeframe.

We provide our service for the following types of letters of credit:

  • ​​​Sight
  • Deferred Payment
  • Acceptance
  • Revolving
  • Red-Clause
  • Transferable
  • Stand-By