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Documentary Credit (Kafalah)
We will offer your trade partners our undertaking – offering certainty of payment to your seller or delivery of goods to your buyer, provided conditions of the documentary collections are met and presentation of documents is done. Hassle free trade for your needs.
Import Letters of credit with post import finance
To keep your partners at ease, it might be necessary to guarantee that your shipment will arrive on time and for the agreed value and quality. Our Letter of Credit facilities offer precisely that assurance.
Export letters of credit
We provide undertakings for our customers who are selling goods and guarantee performance to the buyer as long as the terms and conditions indicated in the LC are met.
Requirements:
- One need to have an active account with us for a minimum of 12 months.
- Must be secured
- Customer’s signed application for LC together with the below documents for application process:
- Letter of lien
- Letter of set-off