Letters of Credit (LC)
This facility is issued to enable traders participate in both local and international trade securely.
It assures prompt payment and quality of underlying goods. Consolidated Bank is able to issue various types of LCs e.g. Transferable LC, Back to Back LC, Revolving LC and Standby LC.
- Flexible security requirements.
- Quick processing time.
- LC application form.
- Import Declaration Form. (IDF)
- Proforma Invoice.
- Marine insurance. (where applicable).