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Inward Letter of Credit-i (ILC-i)
With an extensive network of correspondent banks globally, the Bank can promptly authenticate the genuineness of the inward Letter of Credit-i and advise you in the most expeditious manner. ILC-i is performed under the Shariah concept of Wakalah.
Features
Authenticity of ILC-i is verified by the Bank.
ILC-i is advised promptly in accordance to international rules UCP600.
Advising of ILC-i without engagement on us unless the Bank has been requested to add confirmation to the ILC-i.
Benefits
Peace of Mind
Establish comfort as the authenticity of Inward LC-i is ascertained.
Accessible to Financing
You may access to pre and post-shipment financing from the Bank using the ILC-i.
Assured Payment
Payment is assured upon presentation of compliant documents.
Important Information
- Application Form
- Product Disclosure Sheet
- Fees and Charges
- Trade Finance Cut-Off Time
- Notification to Resident Exporter
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A facility where the Bank provides an immediate advance to exporters or sellers against the strength of the LC issuing bank without the requirement to have any pre-approved trade facilities.
A flexible solution which allows you to cover financing for both tangible goods and related services under your exports or sales trade transactions.
Handling all outward documentary collections against payment or acceptance for sellers or exporters.
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