An irrevocable Export Documentary Letter of Credit (Export L/C) is the security of knowing that your payment can be guaranteed.
The Export L/C can be established in most major currencies, however your choice of currency should be included in your original commercial contract with the supplier. At your request, the overseas buyer establishes an Export L/C through their bank.
- The buyer’s bank has given an undertaking to pay you. This means that payment is guaranteed providing the credit has been established by a reputable bank and all conditions of the Export L/C has been fulfilled.
- The buyer cannot cancel or alter the terms and conditions without your agreement.
- Finance is available to approved customers to restore your working capital as soon as possible after shipment of the goods.
- Payment security makes it easier for you to develop new business opportunities.
For more information please contact:
Relationship Manager, Trade Finance
Telephone: +61 2 9377 8915
Fax: +61 2 9221 5428
Mobile: +61 421 097 656