-
Cart is empty
Please add some product in your cart.
Sub Total $0.00
Import Letter of Credit
Import Letter of Credit
Bank Saderat Iran – UAE provides reliable Import Letter of Credit (LC) services to its customers, this facility ensures payment to suppliers while protecting the importer’s interests.
Key Features:
- Bank Guarantee: Acts as a trusted guarantee of payment to the exporter from the bank.
- Documentary-Based: Payment is released only when the seller presents all the required trade documents (e.g., bill of lading, invoice, certificate of origin) complying with the UCP 600.
- Custom Terms: Tailored terms and conditions based on the trade agreement between buyer and seller.
- International Standards: Handled under UCP 600 rules (Uniform Customs and Practice for Documentary Credits).
- Swift Processing: Efficient document verification and fast issuance of LCs.
- Compliance Support: Adherence to both UAE and international trade regulations.
Benefits for Importers (Buyers):
- Risk Reduction: Eliminates the risk of paying upfront without receiving goods.
- Stronger Supplier Relationships: Builds trust and credibility with global suppliers.
- Negotiation Power: Encourages better trade terms from exporters due to guaranteed payment.
- Control Over Shipment: Importer sets documentary requirements before payment is released.
- Bank Expertise: Access to trade finance experts familiar with UAE-Iran business needs.
Benefits for Exporters (Sellers):
- Assured Payment: Protected by Bank Saderat Iran’s guarantee, minimizing default risk.
- Improved Cash Flow: Can secure financing against the LC to fund production or shipment.
- Timely Settlement: Payment made quickly after documents are verified.
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