Letters of Credit

Facilitating International Trade

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 customers’ with a guarantee that a  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

  • Commercial LC
  • Standby LC
  • Revolving LC
  • Travelers LC
  • Confirmed LC
  • Unconfirmed LC

BENEFITS

✅ Payment to the supplier is guaranteed which means that there is no delay in shipment of goods to our customers
✅ We can facilitate Letters of Credit for multiple/continuous shipments, with quality of products and price guaranteed by an independent pre-shipment inspection company
✅ Ensures delivery is done within schedule and assures timely payment to seller/exporter

Ask at your nearest branch or complete the enquiry form about our Letters of Credit facilities – we will be happy to provide more information.

Fill in your details below and a First Capital Bank representative will contact you with further details.