Letters of Credits

Letters of Credits

​Letter of Credits ​​

A Letter of Credit or L/C is a written undertaking by Bank Albilad (issuing bank) on behalf of an importer (our customer) that payment will be made for goods or services supplied by an exporter (the beneficiary) provided that the exporter complies with all the terms and conditions established by the credit​

Features & Benefits

  • Offering assurance to both buyer and seller through our banking intermediation
  • Giving security to importer that payment will only be made with compliance of stipulated document required under the credit
  • Increasing importer's credit standing to their supplier by providing security of payment to the supplier through our issuance of an undertaking to make payment for goods or services once complies with all the terms and conditions contained in the credit

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