Documentary letters of credit – import and export
When buying from an overseas seller, take control with our documentary letters of credit – import and export. It covers trading risks by giving the exporter our guarantee that payment will be made, making the deal less risky and more attractive.
What you can expect
- A higher level of security to both seller and the buyer
- Pro-forma invoice
- Completed BBG L/C application form
- Completed import declaration form (IDF)
- Formal letter from customer to open L/C and how it will be funded