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Letters of Credit

Commercial Letters of Credit are extensively used as a means of payment in the overseas trade as they help with mitigating the payment risk involved in dealing with importers or exporters.

Bank of Sharjah helps you in the import of goods for local consumption or re-exports by offering numerous types of Letters of Credit including

  • Sight Letters of Credit
  • Deferred Payment Letters of Credit
  • Revolving Letters of Credit
  • Standby Letters of Credit
  • Transferable Letters of Credit
 
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