Import Documentary Letters of Credit
Provide a conditional guarantee to pay an exporter's bank on your behalf
About Letters of Credit
BOQ can provide an conditional 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
Overseas goods
Available for customers who are importing goods from overseas
Currencies
Available in most currencies including AUD
International trade
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)
International Trade Enabler
Established with the bank using our online International Trade Enabler system.
Important information
For important information on Import Documentary Letters of Credit, view our Terms and Conditions below.
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