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.
Fees and Charges are contained in the Business Banking Guide to Fees and Charges (see link at the bottom of this page)