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"Does your business rely on Import Letters of Credit for your overseas purchases?"
Your import letters of credit can be both a financing tool and a payment instrument. It is a document - a written declaration issued by our Bank on your behalf - in which the Bank promises to pay your suppliers when they meet certain documentary requirements.
Your Benefits:
- Payment delayed until receipt of complying documents which are required under the Letter of Credit.
- The latest shipping date is known. . .so you may be able to arrange timely distribution of imported goods to your customers.
- The expertise of our staff helps to ensure that you are better protected and your transaction is accurately processed.
Our Commitment to You:
- Faster issuance - We are committed to issuing your letters of credit within 24 hours and sooner, whenever possible.
- Accuracy - We review your application with you to ensure it is in order and that all key areas of risk are addressed.
- Prompt turnaround - The original letter of credit is prepared and sent electronically to a correspondent bank for delivery to the beneficiary.
- Protection - When documents are received, a letter of credit specialist examines them to assure compliance with the credit terms. Payment is made only if documents are determined to be in order.
- Express delivery service - The documents, including those representing title to the goods, are delivered quickly to you or your customs broker. (Special handling charges apply.)
Export Letters of Credit
Import Letters of Credit
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