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Documentary credit is one of the most secure payment methods in international trade, offering the exporter a conditional payment guarantee from the importer’s bank.

As an importer, using documentary credits to pay for goods or services offers you several commercial and operational advantages.

The security of this payment method should be more appealing to the seller and you may be able to negotiate discounts as a result.

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Documentary credits provide a number of advantages when paying for imported goods or services.

  • No obligation to pay until all the conditions of the documentary credit are fulfilled.
  • Using documentary credits with extended credit terms may be an alternative to traditional forms of bank finance such as overdrafts.
  • An opportunity to negotiate a discount from the exporter because of secure and fast payment.
  • Multiple payments can be made.
  • Your credit reputation is enhanced by providing suppliers with documentary credits.
  • Shipment of goods may be more prompt.

Want to know more?Want to know more?

Trade & Export Finance products and services

Read More about our trade & export finance products and services in these booklets (PDF):

Download factsheet on Documentary Credits
Download factsheet on Int'l Guarantees
Download factsheet on Collections
Download factsheet on Business Online

To read PDF documents, download Adobe Reader®

Document Checklist
What to look out for in every document involved in the documentary credit process:

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