Benefits
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A secure and efficient payment process.
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Opportunity to deal with trading partners where an open account is inappropriate.
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You will enjoy the support of Gulf Bank's dedicated and experienced Trade Finance group.
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It can be included as a part of a complete Banking solution.
Features
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They are normally binding and irrevocable undertakings that cannot be amended without the agreement of all parties.
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They are subject to the standard regulations set out by the International Chamber of Commerce Uniform Customs and Practice for Letter of Credit guidelines.
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All documentation required to initiate payment under the Letter of Credit is clearly defined.
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Our Trade Finance activity is supported by our comprehensive global network of Bank correspondents.