Letters of Credit
Securing International Purchases
UCB can issue a Letter of Credit (LC) to your supplier’s bank on your behalf as a form of guaranteed payment. Give confidence to your overseas suppliers, while helping to ensure the proper shipment of your purchased goods.
Our letters of credit abide by international standards and regulations, so both you and your suppliers are protected. Your supplier receives payment once your bank has been provided with the documentation that you have specified. Documentation (e.g. invoice, bill of lading) that let you know that your requested shipment is being carried out correctly.
A Letter of Credit can help to streamline your operations. Once it is issued your trade can commence.
Our LC service includes:
- Irrevocable
- Transferable
- Standby