An Import Documentary Letter of Credit (L/C) is a conditional banker’s undertaking to pay your supplier as long as all the terms and conditions of the Letter of Credit are met, then Arab Bank Australia will guarantee payment on your behalf.
An Import L/C makes it easier for you do to business overseas by reducing risk for your suppliers. You can establish a Letter of Credit in either Australian dollars or a major foreign currency. Settlement can be at sight or a term for up to 180 days. This means you have the flexibility to negotiate payment terms and conditions according to your cash flow requirements.
Key Benefits
- Can open up new opportunities to do business with suppliers who have never dealt with you before and provide them with confidence, and without the need to make a judgment on your credit-worthiness.
- You stipulate the payment terms and conditions that suits your needs.
- You specify the documentation that is to accompany each shipment, including any required to clear the goods through customs.
- You nominate the deadlines for shipment.
For more information please contact:
Claudio Piccinini
Senior Relationship Manager, Trade Finance
Telephone: +61 2 9377 8915
Fax: +61 2 9221 5428
Mobile: +61 421 097 656
Email: trade@arabbank.com.au