DOCUMENTARY LETTER OF CREDIT (DLC)

A Documentary Letter of Credit (DLC) is a guarantee provided by a bank or trade finance institution to assure the importer/buyer that they will receive goods according to the agreed terms and conditions, and ensure payment to the supplier as agreed upon. It's suitable for fulfilling short-term needs and establishing new business relationships. The bank or financial institution acts as an intermediary, ensuring both parties adhere to the DLC terms for payment. If the buyer fails to pay after fulfilling DLC terms, the seller/exporter can present compliant documents to demand payment, and the bank or financial institution is obligated to pay.

Explore Our Top Documentary Letter of Credit Services We offer reliable documentary letter of credit services for businesses of all sizes and industries, providing effective and prompt solutions. Contact us today for more details.