Export Documentary Letters of Credit
Secure payments from overseas customers
About Export Documentary Letters of Credit
If you are an exporter, your customer can arrange for a documentary letter of credit be issued in favour of BOQ, advising payment against certain terms and conditions.
As the exporter, you prepare your documents under the letter of credit and present them to BOQ. If documents are compliant and terms and conditions satisfied, payment will be effected by your customer’s bank.
Features and Benefits
Payment for shipment
Exporter will receive payment for their shipment of goods (provided they meet the conditions of the letter of credit).
Financing tool
Can be used as a financing tool for exporters.
Security
Provides security for both importers and exporters as banks must adhere to the internationally recognised rules set by International Chamber of Commerce (ICC).
Important information
For important information on Export Documentary Letters of Credit, view our Terms and Conditions below.
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