A documentary letter of credit is one of the most secure payment instruments in the international trade
With the letter of credit the Bank, acting upon the letter of request by its Client (Principal), commits to pay, either the Bank itself or via its corresponding bank, an agreed amount in favor of a Beneficiary of the letter of credit after such Beneficiary presents the documents on completion of the contractual obligation.
The Bank issues the documentary letters of credit for the legal persons, both resident and nonresident.
