Documentary letters of credit
Trading internationally
Our business guides provide assistance with importing, exporting and making and receiving payments within Europe.
Our business guides provide assistance with importing, exporting and making and receiving payments within Europe.
Documentary letters of credit are internationally recognised instruments that help ensure the creditworthiness and payment of the overseas parties you're trading with.
Potential to save money by better payment for imports
Obtain faster payment
Faster transactions
For more information contact our international business team on 0845 300 0101 (open 8.30am to 5pm Monday to Friday). Alternatively, fill out a request for further information form or download our Documentary letters of credit guide (pdf).
Features & Benefits of Documentary letters of credit
- As an exporter (seller), you can benefit from assurance that payment will be made to you by a bank and retain control over your goods until payment is assured.
- As an importer (buyer), you can ensure that payment by you to your supplier will only be made if your supplier complies with the terms set out in the documentary letter of credit.
- As an exporter (seller), you can look at the option of raising finance against the documentary letter of credit issued in your favour, as well as mitigate the payment risks associated with selling to buyers overseas.
- You will feel more confident when trading in new markets and/or with new suppliers.
- A documentary letter of credit is subject to internationally agreed banking rules.
You should be aware that you are liable for any sum paid by the Bank on your behalf and that there is a minimum transaction charge of £150 for import documentary letters of credit.
How do I open a new Documentary letters of credit?
By telephone
Call 0845 300 0101 for more information.
