Export Documentary Letters of Credit

Secure payments from overseas customers

If you are an exporter, your customer can arrange for a documentary letter of credit be issued in your favour to BOQ, advising payment against certain terms and conditions. 

As the exporter, you prepare your documents under the letter of credit and present them to BOQ. If documents are compliant and terms and conditions satisfied, payment will be effected by your customers bank.

Features and Benefits

  • Exporter will receive payment for their shipment of goods (provided they meet the conditions of the letter of credit)
  • Can be used as a financing tool for exporters 
  • Provides security for both importers and exporters as banks must adhere to the internationally recognised rules set by International Chamber of Commerce (ICC).

Important information

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