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Business/International/Documentary letters of credit 
 

Documentary letters of credit

Documentary letters of credit are internationally recognised instruments that help ensure the creditworthiness and payment of the overseas parties you're trading with.

Overview

  • Exporters fulfilling the terms and conditions of the Credit can have confidence that they'll receive payment
  • Importers won’t be obliged to pay if the terms and conditions of the Credit are not met
  • Importers avoid having to make payment in advance

Further information

For more information contact our dedicated support team on 08484 355 722 (open 8.00am to 5.30pm Monday to Friday, excluding bank holidays).

The team are able to provide support with general Trade queries and has specialist knowledge on areas such as:

  • Documentary letters of credit
  • Documentary collections
  • Bank guarantees

Alternatively, fill out a request for further information form.

Key features

  • As an exporter (seller), you can benefit from assurance that payment will be made to you by a bank and retain control over your goods until payment is assured.
  • As an importer (buyer), you can ensure that payment by you to your supplier will only be made if your supplier complies with the terms set out in the documentary letter of credit.
  • As an exporter (seller), you can look at the option of raising finance against the documentary letter of credit issued in your favour, as well as mitigate the payment risks associated with selling to buyers overseas.
  • You will feel more confident when trading in new markets and/or with new suppliers.
  • A documentary letter of credit is subject to internationally agreed banking rules.

Alternatively fill out a request for further information form.

How to Apply

For more information contact our dedicated support team on 08484 355 722 (open 8.00am to 5.30pm Monday to Friday, excluding bank holidays).

The team are able to provide support with general Trade queries and has specialist knowledge on areas such as:

  • Documentary letters of credit
  • Documentary collections
  • Bank guarantees

Alternatively, fill out a request for further information form.