A Letter of credit

Armswissbank CJSC is a reliable intermediary for its clients in international trade activities. The services we provide will help both exporters and importers reduce their risks in international trade. Documentary letter of credit is one of the most popular financial instruments for financing international trade.

Documentary credits

Documentary letter of credit is a one-off obligation, whereby the bank undertakes to pay the exporter (supplier) the goods or services on the basis of the buyer, on the basis of the letter of credit, upon presentation of the letter of credit, and the terms and conditions are met. Documentary letter of credit transactions in international banking are governed by the Uniform Customs and Practice (UCP 600) rules of the International Chamber of Commerce.