Import documentary letters of credit
The Bank of Queensland can provide an unconditional guarantee on behalf of an importer to pay your exporter’s bank, providing all the terms and conditions of the letter of credit are met.
The letter of credit provides you with the confidence that all the required documentation will be delivered against payment or commitment to pay. Equally, it provides the exporter with confidence that if all the documentation is provided, they will be paid.
Remember the import documentary letter of credit only relates to documents. It is not a guarantee that the goods will be as you expect.
Features and benefits
- available for customers who are importing goods from overseas
- available in most currencies including AUD
- used as a mechanism for providing the importer and exporter with more certainty around international trade transactions, for example that transactions subscribe to UCP 600 (International Chamber of Commerce Uniform Customs for Documentary Letters of Credit)
- established with the bank using our on-line International Trade Enabler system.
Fees and charges
Fees and Charges are contained in the Business Banking Guide to Fees and Charges (see link at the bottom of this page)
How to apply
Contact one of our international services experts on 1300 55 72 72 or email the international services team
Important information
Products issued by Bank of Queensland Limited ABN 32 009 656 740 AFSL 244616. Fees and charges are payable. This website contains general advice. This advice has been prepared without taking account of your objectives, financial situation or needs. You should consider the appropriateness of any advice before acting on it. You should obtain and consider the relevant Product Disclosure Statement (PDS), terms and conditions, Financial Services Guide and Guide to Fees and Charges for the product before making any decision about whether to acquire or continue to hold it. You can obtain a copy of those documents from any Bank of Queensland branch or from this website.