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Letters of Credit Information

Here is a list of Trade Division Questions for Importers and Exporters to consider when enquiring about Letters of Credit:

IMPORTERS

• What countries do you import from using Letters of Credit?
• Average number of Letters of Credit opened per annum?
• What is the % breakdown in payment terms between 'sight' and 'term'?
• What Import Letter of Credit limit do you require?
• Annual Turnover using Letters of Credit?

EXPORTERS

• What countries do you export to using the security of a Letter of Credit?
• Do you seek to have these Letters of Credit confirmed by the advising bank?
• Average number of Letters of Credit received per annum?
• What is the breakdown in payment term between 'sight' and 'term'?
• Annual Turnover using Letters of Credit?

Please contact the International Trade Team for further information.