Letters of Credit
When a Bank receives a Letter of Credit* to be confirmed or advised (referred to as an Export Letter of Credit), it first verifies the authenticity of the Letter of Credit, then notifies the exporter that a Letter of Credit has been issued in the exporter’s favor.
Standby Letters of Credit
A Standby Letter of Credit represents an obligation of the Bank to the beneficiary of the credit. The expectation is that the underlying transaction will be completed as agreed and the Standby Letter of Credit will not be drawn.
Import Letters of Credit
The Import Letter of Credit process begins when an importer and an exporter agree to use a Letter of Credit as the method of payment for the shipment of merchandise.
Required Documents for Letters of Credit.
Find the most common documents required in an Import or Export Letter of Credit* and the definition of each document. Read More…
Commodity Sales and Purchase
We can assist you in you commodity transaction, wether you’re looking to buy or sale you sugar, rice, bean, soybean and any other agricultural products; we’re here to help you. Read more…