Letters of credit
The documentary letter of credit is the written obligation of the bank, which is issued according to the instruction of the buyer (importer) for the benefit of seller (exporter), where the buyer (importer) undertakes obligation to pay the seller (exporter) an amount against the documents submitted in line with the requirements set forth in the letter of credit.

When to apply Documentary letter of credit?
• You are engaged in international trade, where there are a number of issues:
• Absence of mutual confidence between the parties of the commercial transaction,
• Several risks both for buyer (importer) and seller (exporter),
• Absence of financial resources required for transaction.

ACBA-CREDIT AGRICOLE BANK, as a partner of financial CREDIT AGRICOLE bank group, offers to apply documentary letter of credit, which will enable you to overcome the difficulties related to international trade reducing the risks to the minimum.
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In case of any inconsistencies between the published Armenian and English information, the Armenian version prevails.
Updated: 19.08.2019 12:54
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