Highlights

• Advising letters of credit.
• Transferable letters of credits.
• Adding confirmations to letters of credits.
• Cancellation of letters of credits.
• Negotiation of Documents drawn under Letters of credit.

Advising letters of credits

We notify your most expected Letters of Credit immediately after the receipt from the L/C opening bank.

If the beneficiary is not our client, we provide facility to advise through their bankers and facility to call for amendments from the opening bank through us.

Transferable letters of credits

We accommodate facilities to transfer L/C’s to a second beneficiary as per the requests of our beneficiaries and facilitate them to continue business with their buyers.

Adding confirmations to letters of credit

If the exporter is not satisfied with the L/C opening bank or the importer’s country, we add our confirmation to the letter of credit at your request depending on the country and the issuing bank.

Cancellation of letters of credit

The applicant may request through the LC opening bank to cancel the LC. Cancellation is subject to the consent of the beneficiary upon submission of the original letter of credit together with the amendments if any.

Negotiation of Documents drawn under LC

Export Documents drawn under Letters of credit scrutinized by experienced and negotiated by Trade staff.(Post shipment financing)

Export Documents drawn under Letters of credit sent on collection basis and collection of proceeds routed to customers account.

Regular follow up.

If you require further details please contact our Exports Department on + 94 11 2486101 ,+94 11 2486103 or your nearest Commercial Bank branch.

Terms & Conditions apply

Product information and terms & conditions are subject to change from time to time. Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.