Import  Letter of Credit (L/C)

Import Letter of Credit (L/C)

OCB issues L/C at the request of client (importer) to commit payment at sight or on a future determined date to the beneficiary (exporter) against receipt of complied documents presented by the beneficiary
Targeted clients
Import clients: have demand of goods imported by Letter of Credit payment term

Benefits of clients

  • Free consulting services
  • Quick and accurate L/C issuance
  • Risks mitigation 
  • Post import financing by OCB for goods under LC
  • Practice in accordance with international banking standards (UCP600)

Documents required

  • Legal documents
  • Sales contract, Entrusted export/ import Contract (if any)
  • Insurance policy (subject to trade terms)
  • Application for issuing L/C (as OCB’s form)
  • Import quota license (for the case maybe)
  • Application for buying foreign currency (if any)
  • Other documents

Registration procedure

Please kindly fill in the form with your information, we will contact you in soonest time.
Customer support
(84) 28 7305 6678