-
Cart is empty
Please add some product in your cart.
Sub Total $0.00
Export Letter of Credit
Export Letter of Credit
Bank Saderat Iran – UAE Branch offers Export Letter of Credit (LC) services to support businesses exporting goods to international markets. This service ensures exporters receive timely and guaranteed payments from foreign buyers, backed by the buyer's bank and processed smoothly through Bank Saderat.
What is an Export Letter of Credit?
An Export Letter of Credit is a written commitment from a buyer’s bank (importer’s bank) to pay the exporter, provided the exporter submits compliant shipping and trade documents as per the LC terms. Bank Saderat Iran – UAE acts as the advising or confirming bank, ensuring secure handling of the transaction.
Key Features:
- Secure Payment Guarantee: Ensures the exporter receives payment upon fulfilling the terms of the LC.
- Document Verification: All submitted documents (invoice, bill of lading, certificate of origin, etc.) are carefully reviewed before approval.
- Advising and Confirming Role:Bank Saderat acts as an advising bank and, when required, a confirming bank to further guarantee payment.
- UCP 600 Compliance: Transactions handled under globally recognized rules for documentary credits.
- Swift Communication:Quick processing and communication via SWIFT for timely coordination.
- Trade Compliance Support:Expert guidance on document preparation and international trade regulations.
Benefits for Exporters (Sellers):
- Guaranteed Payment: Ensures timely payment from the buyer’s bank upon successful submission of documents.
- Reduced Risk of Default: Minimizes the risk of buyer non-payment, especially in cross-border transactions.
- Better Access to Trade Finance: Enables exporters to access pre-shipment or post-shipment finance using the LC as collateral.
- Professional Support: Access to trade finance specialists for guidance on document compliance and LC structuring.
- Credibility Boost: Improves credibility with new buyers by transacting through a secure and recognized bank.
Benefits for Importers (Buyers):
- Trust Building: Provides assurance to sellers that payment is backed by a credible bank.
- Structured Transactions: Helps formalize and streamline the international trade process.
A Leading bank with a Strong Customer Franchise
View Our Branch & ATM Locations
Got a question? We are here to help you.
Call or send a message. +97146035555
Generate IBAN