Documentary Credit (Letter of Credit - L/C)

What is it?

A written commitment from BANGE BANK BENIN guaranteeing that your supplier will be paid as soon as the documents conforming to the terms of the contract are presented.

 

Pillars of the Offer

The available solutions

1

Opening of import documentary credits

to secure your purchases.

2

Notification and confirmation

of export documentary credits.

3

Advisory services

for drafting documentary conditions.

Bonus

Why choose BANGE BANK BENIN?

Because we master international rules (UCP 600) and we support you in limiting commercial and financial risks related to your transactions.

1

Security

Very high (documents verified by the bank).

2

Recommended Use

Transactions involving large amounts or with unknown/new partners.

3

Limits

Higher costs, procedures sometimes heavy.

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