Benefits

  • A secure and efficient payment process.

  • Opportunity to deal with trading partners where an open account is inappropriate.

  • You will enjoy the support of Gulf Bank's dedicated and experienced Trade Finance group.

  • It can be included as a part of a complete Banking solution.

Features

  • They are normally binding and irrevocable undertakings that cannot be amended without the agreement of all parties.

  • They are subject to the standard regulations set out by the International Chamber of Commerce Uniform Customs and Practice for Letter of Credit guidelines.

  • All documentation required to initiate payment under the Letter of Credit is clearly defined.

  • Our Trade Finance activity is supported by our comprehensive global network of Bank correspondents.

Tools & Calculators

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