Import Letter of Credit (L/C) facility is a type of product extended to applicants engaged in import business, or other applicants who import different materials for various purposes upon payment of a certain percentage of the document value. The L/C could be a onetime transaction or a revolving facility.

The former is a non-renewable type where any eligible applicant could open and while the latter is a renewable facility that customers utilize continually, until the expiry date, as long as the account shows the required performance.

1.The minimum amount of letter of credit facility to be availed to a customer shall be 20% margin of the value of a document. However, depending upon the type of the customer, the performance of the account, marketability of the material to be imported, the Bank may consider an offer below the minimum on exceptional cases.

2.Renewal of Import L/C shall be done on annual basis, unless and other wise, signals for poor operation of the account is observed.

IMPORT OF GOODS/SERVICES

We are engaged in financing the import need of our respected customers through:

  1. Letters of Credit (LC)
  2. Import Bills Collection (IBC) or Cash Against Document (CAD)
  3. Advance Payment (TT)

 

EXPORT OF GOODS/SERVICES
We are negotiating; advising and processing the export need of our respected customers through:

  1. Letters of Credit (LC)
  2. Cash Against Document (CAD)
  3. Advance Payment (TT)
  4. Consignment

 

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