Highlights

A Letter of Credit is an undertaking issued by a Bank, at the request of a importer, confirming the payment to the exporter on presentation of complying documents as stated in the LC.

As we are experienced in handling diverse types of L/Cs,  we can provide you with the most appropriate service for your need. Our expertise also allows us to anticipate and resolve any issues that you may have with your suppliers. 

• Irrevocable guarantee of the Bank

• Used widely by importers & exporters

• Prompt establishment of L/C

• Confirmation arrangements provided by a wide range of banks worldwide

Letters of Credit provided by Commercial Bank are well accepted and recognized worldwide due to our sound financial stability, availability of correspondence worldwide and the adherence to the laws and regulations both local and international.

With decades of experience, we  provide solutions to any import related matter of our customers. We help to reduce unnecessary costs and time involved in the process of the LC and will help our clients to establish the LC.

Benefits

Establishment of LC’s through any branch island wide.

Confirmation arrangements provided by range of Banks worldwide

Proper guidance and help to new import customers.

Wide network of correspondent arrangements to resolve any issues arising from opening of LC’s

LC opening facility available through our online banking.

Minimum documentation

Eligibility

Any account holder or company can establish LC’s.

You should maintain an account with Commercial Bank

A cash margin requirement can be applicable as a security.

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.