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Letter of Credit-i

TRD-LC Wakalah Trade Finance
Written undertaking issued by the issuing bank to the seller (beneficiary) upon buyer request to pay a specified sum upon presentation of compliant documents within prescribed timeframes. Shariah contracts: Wakalah and Murabahah.
Business entities engaged in trade (domestic or overseas).
Sight LC-i (payment on shipment/delivery); Usance LC-i (payment on agreed future date); Bank intermediation between buyer and seller; Efficient payment methodology; Facilitates imports without advance payment.
PDS (v012025); trade contract, invoice, shipping docs.
A
SITI
Pembantu Digital Agrobank