Letters of Credit:

While deciding on your Import Contract, when the important matter of “method of payment” is discussed, we are here with our most demanded product, Letter of Credit, to help you remove doubts about your credit-worthiness and ensure prompt payments.

A Letter of Credit is an arrangement whereby Bank acting at the request of a customer (Importer / Buyer), undertakes to pay for the goods / services, to a third party (Exporter / Beneficiary) by a given date, on documents being presented in compliance with the conditions laid down