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If you..
- Engage in import/export transactions and/or
- Enter into contracts or agreements which require you to provide cash, collateral or other services to another party and
- Require a secure method of settlement or receiving payments...then consider a Letter of Credit (LC) from NBD.
Use our Import Letter of Credit to assure your suppliers that they will receive payment on delivery of documents as long as the documents are consistent with the terms and conditions of the credit or use an Export letter of Credit to ensure you get paid when you ship goods and present documents specified in the LC.
Key Benefits and Features
- Expedites transactions.
- It’s a secure and fast method of receiving payment.
- Give you peace of mind knowing you will get paid
Its irrevocable. L/C cannot be amended or revoked unless all parties agree.
For more information on Letters of Credit (LCs) contact our International Business Department at (767) 255 2346.
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