LETTER OF CREDIT (L/C)

Letter of Credit (L/C) is an independent and conditional settlement commitment of issuing party that guarantee the accomplishment of foreign trade contract of exporter(importer must receive goods); and the exporter (beneficiary party) will be paid without depending on the importer’s good faith in payment as long as the terms of L/C implemented exactly and accordingly .

Benefits:
o The most safe and popular settlement instrument in international trade
o Consulted to complete required documents related to L/C to decrease risks and expenses.
o L/C issued quickly to reduce settlement time of customer.
o Safe, confidential.

Features:
o Customer type: domestic or foreign companies having consistent and legally demands of L/C.
o Currencies: USD, EUR and others.
Document requirements:
o Request form of issuing L/C(HDBank’s form)
o Foreign trade contract and related documents (1 Copy)
o Certificate of Incorporation (1 certified copy)
o Import license or quotas (for imported goods that must be required)