Letters of Credit

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Letters of Credit

Advantages:
If a payment is intended to be made immediately after the submission of the documents ing the shipment of goods, the Letters of Credit can be used as an instrument of the trade financing.
The cost of Letters of Credit is less than the cost of borrowing.

General Information:

Expressbank offers you various available forms and types of Letters of Credit, including the ones with an approval of the leading foreign banks. We are happy to provide you with our recommendations on your trading activities and support you in choosing the most optimal scheme.

Types of Letters of Credit offered by Expressbank:
Standby Letter of Credit (SBLC)
Confirmed Letter of Credit (CLC)
Uned Letter of Credit (UCLC)
No Cash Covered Letters of Credit (NCCLC)
Letters of Credit Post-Financing (LCPF)

Advantages for the Buyer under this service:
Payment shall be processed immediately upon Buyer"s submission of the customs clearance and goods receipt documentation, as specified in the Letter of Credit.
Ability to adjust the delivery date of the goods.

Advantages for the Seller under this service:
Payment to the Buyer under a Letter of Credit is an obligation of one or more banks.
Submission of the required documents is a guarantee of the payment processing.