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- payment and negotiation credits.
• Usance LC's-Deferred payment, Acceptance and Negotiation credits.
• Clean LC's- Standby and LC's without title documents.
• Transferable LC's.
• Confirmed LC's.
• Revolving LC's.
• Back to back LC's.
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