Letter of credit 

 Letter of credit 

Letter of credit 

Optimize your import-export transactions


Expand your business transactions internationally and benefit from our expertise in DOCUMENTARY CREDIT
 It is important...
  • To facilitate and settle international and local commercial transactions
  • For coverage against diverse international transactions' risks
  • As a universal tool that can be used worldwide, for all types goods and services, and for all amounts


Several commitments undertaken by SGBL 
  • LETTER OF CREDIT FOR IMPORT : Grantees to the supplier his payment within the predefined time frame and to the importer a maximum control over documents, deadlines, means of conveyance and channels used, etc.
  • LETTER OF CREDIT FOR EXPORT : Secures exports by eliminating the financial risk of the importer
  • STANDBY LETTER OF CREDIT : Grantees the supplier the settlement of the specified payment amount in case the importer fails to fulfill the settlement obligations, particularly in the case of successive and renewed deliveries.
  • BACK TO BACK CREDIT: Is used when the DOCUMENTARY CREDIT is not transferable, or when the first beneficiary fails to respect the purchase contract conditions


    More info

    How to proceed to a LETTER OF CREDIT? Visit any SGBL Branch:

      • Sign a request to initiate a LETTER OF CREDIT reflecting the commercial contract terms signed between the seller and the buyer (LETTER OF CREDIT FOR IMPORT)
      • Receive a notification of the credit opened in your favor (LETTER OF CREDIT FOR EXPORT).

    © SGBL 2011 netways
    List of banks N° 19, Decree N° 2496, dated 13/08/1953