We offer our import clients the facility of opening both confirmed and unconfirmed Letters of Credit depending upon their needs. In addition, we also arrange for confirmation of Letters of Credit by a range of world-class international banking institutions.
A letter of credit (LC) provides our customersâ€™ with a guarantee that aÂ payment to suppliers abroad will be received on time and for the right amount. It simultaneously ensures the prompt delivery of the goods and services.
Letters of credit are typically provided within two business days, guaranteeing payment by the confirming First Capital Bank branch.
Types Letters Of Credit available
âś… Payment to the supplier is guaranteed which means that there is no delay in shipment of goods to our customers
âś… We can facilitate Letters of Credit for multiple/continuous shipments, with quality of products and price guaranteed by an independent pre-shipment inspection company
âś… Ensures delivery is done within schedule and assures timely payment to seller/exporter
Ask at your nearest branch about our Letters of Credit facilities – we will be happy to provide more information.