Import Letters of Credit
With a Citibank Import Letter of Credit, you can delay payment for imported goods until after they’re shipped—and after the exporter complies with certain terms. Plus, you can use an Import LC to obtain financing for your international purchases even when the exporter cannot provide financing.
We offer you a range of options, from efficient management of paper-based requests for LCs to a comprehensive, fully automated service that lets you:
- Initiate LCs electronically
- Easily track the status of your transactions
- Centralize your company’s LC reporting
- Improve administrative efficiency
With a presence in over 60 countries, coupled with the scale of our trade organization, we often handle all documentation for both importer and exporter in the same transaction. Both parties can also benefit from using a letter of credit to access Citibank’s international trade financing capabilities.