Commitment from the Bank to pay the vendor on your behalf in the event of the arrival of goods and compliance with the agreed terms.

Letter of credit features

  • Enables you to import from abroad without the need for cash.
  • Ensures your goods arrival to be identical to the agreed terms.

Required documents

  1. Internal regulations
  2. The company’s establishment contract with its right of borrowing, leverage.
  3. Copy of the company’s registration certificate that shows the shareholders’ names and the authorized signatories of the company.
  4. Copy of the company’s and authorized signatories’ IDs.
  5. Audited financial statements of the last two years.
  6. Account statement of the last 6 months from the Banks that was associated with “if available”
  7. Valid insurance policies on the goods or life insurance policies, if any.
  8. Clearance with the Income Tax Department