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A secure and flexible payment
An import letter of credit (L/C) is a payment instrument whereby a bank undertakes to pay against certain indicated documents, e.g. invoices, certificates or freight documents.
The documents must conform to the terms and conditions of the documentary credit, agreed upon by the purchaser and seller. |
Secure means of payment
An import L/C is a secure, flexible payment instrument that can be varied in many ways.
The seller can be certain of being paid for the delivered goods if correct documents are presented, and the buyer is certain that the terms are fulfilled before payment is effected.
Read more about import letters of credit
Advantages of using letters of credit
- Secure means of payment
- The seller can begin manufacturing
- The bank guarantees the purchaser’s payment capacity
- Standard International Chamber of Commerce regulations
- Types of documentary credit
- A documentary credit may be payable as follows:
- Sight - payment is made when the documents are presented.
- Deferred payment date (supplier’s credit) - payment is made on the due date.
Import letters of credit online
A simple, popular method of registering import documentary credits is via our online services.
Read more about import L/Cs online
You are welcome to contact your local branch or one of our Trade Finance departments in Stockholm, Gothenburg or Malmö, so that we can tell you more about what we can do for your company.
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