We offer three types of Letters of Credit:
Documentary Letter of Credit
This Letter of Credit helps finance the purchase of merchandise, and requires the presentation of certain documents with compliance to the terms and conditions before the payment can be effected.
Standby Letter of Credit
The Standby Letter of Credit represents an obligation to make a payment to a beneficiary for funds borrowed by, advanced to, or for account of the customer, for indebtedness undertaken by the customer, or default in the performance of an obligation. Standby Letters of Credit are usually used for such personal activities as performance bonds, advance payment support and progress payment guarantees.
Export Letter of Credit
This letter guarantees payment to an exporter (seller) as quickly as possible.
International Services Department
or toll-free (800) 272-2566 ext. 7887 or ext. 7886