Trade Services is a highly technical area requiring specialized personnel to cater for your every need in the said field. Emanating from our belief that customers need is of paramount importance, CBK has assigned professional, experienced and qualified personnel to assist and provide the best for its customers.

A wide variety and range of facilities in Trade Services are available to customers who wish to experience and enjoy the luxury of getting ones requirements handled in a unique professional manner.

The diversified wide range of facilities include:

  • Issuing Import Letters Of Credit with all its kinds, which includes Local, Transferable, Revolving, Back to Back and Stand By L/C's.
  • Issuing Delivery Orders/ Shipping Guarantees
  • Handling of Import and Export Collections.
  • Discounting Of Bills drawn under Letters Of Credit.
  • Issuance of Guarantees be it Local, abroad or favoring yourself on behalf of your foreign suppliers.
  • Offering professional advice to all the above as well as clearing any doubts you may have.

Last but not least, for those of you seeking professional advice you can always contact any of the below who will be more than happy to assist you in every possible way:


Maha Motawi

Head Of Trade Services

+965-22990061

Shaikha Al Munaifi

Executive  Manager - Trade Service

+965-22990357

Zulficar Tarwalla

Asst. Manager- Quality Controller

+965-22990670

Import LC's

As an importer, a letter of credit assists you to conduct transactions without the obvious risk of advance payment and negotiate more favorable terms with the seller. Commercial Bank can serve as the Letter of Credit issuer ,payer, advisor, negotiator, acceptor and /or confirming Bank.

Commercial Bank offers the following types of Import LC's, both local and foreign:

  • Sight LC's- By payment and by negotiation.
  • Usance LC's- By Deferred Payment, By Acceptance and Negotiation.
  • Clean LC's- Standby and LC's without title documents.
  • Transferable LC's.
  • Confirmed LC's.
  • Revolving LC's.
  • Back to back LC's
Export LCs

As an exporter, a letter of credit will remove your risk on the buyer , but issues of timing and payment in a desired currency remain. Commercial Bank's confirmation eliminates your exchange and cross border political risks and reduces your collection float by additionally ensuring payment when terms of shipment are complied with. If desired, we may also offer discounting pre-payment. Our experience of the importer's market enables us to price the risk we assume fairly, based on our knowledge of local conditions.

Guarantees

Commercial Bank issues, amends and honors claims on various kinds of Guarantees. These are given by one party to a contract to protect another party against loss or violation of the contract. These products are as parts of contracts for exporting goods and services, may be used to guarantee a performer's obligation to complete a specified job, for example, support a seller's promise to deliver goods. The Guarantee issuer is held liable for financial damages but not for specific performance. A standby letter of credit may also be used in connection with the transaction.

The Commercial Bank of Kuwait issues the following types of Guarantees on your behalf:

  • Performance
  • Tender
  • Advance Payment
  • Retention
  • Purchase
  • Telephone
  • Car
  • Banking Facility
  • Standby Letters of Credit
  • Counter Guarantees
  • Local

Customer Queries

Customer queries related to documentary credit instruments

Emanating from our belief that catering to our customers needs is of paramount importance, we have initiated this website to assist you in any concerns/queries you might have regarding the various aspects of trade finance, be it Import or Export Letters of Credit, Inward/Outward Bills for collection or Guarantees. 
For your convenience kindly fill out the below form and Mrs. Maha Motawi - Head of Trade Services will be more than pleased to respond to your queries:-


Please fill out the following form if you have any queries related to Documentary Credits:
Click Here