Letters of Credit
Establish strong business relationships with new international suppliers and buyers by protecting exports and imports with Letters of Credit from Atlantic Bank.
Letters of Credit are assurances that parties involved in trade agreements will meet contractual obligations. It can be stand-by (for a specified period - cases with customers that have open accounts) or documentary (one time import or export of goods).
Importers and Exporters that need to establish formal credit guarantees with foreign suppliers and buyers
Importers and Exporters conducting business with foreign suppliers and buyers with little or no previous trading history
Requirements for Service:
Visit any of our branches to see or make an appointment with a Credit Officer.
Receive Importer or Exporter assurance that contractual obligations will be met.
Terms of Service:
Proforma Invoice along with Terms & Conditions of Agreement
Listing of required documents, i.e. Certificate or Origin, Invoice, Bill of Lading, Insurance Certificate