Export Letters of Credit
An Export Letter of Credit is used in the financing for the exportation of goods and services to overseas or local markets. An Export LC minimizes credit risk in selling to overseas buyers, and expedites payment. Financing can be available on both short and medium terms. An Export LC supports payment obligations provided the documents presented under the letter of credit are in strict compliance with the terms stated in the letter of credit. An Export LC can be used to provide payment terms to a buyer for up to 180 days after shipment without impacting the exporter's cash flow.