| IMPORT AND EXPORT LETTERS OF CREDIT | Back |
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Account opening forms. After filling in the
forms please present them physically at your nearest CRDB Branch.
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The Bank offers credit on short-term basis for not more than six months through this international credit sales contract. The Bank will take your risk for non-payment of good and/ or services. These documentary credits are opened at a commission to positive credit
assessment. BENEFITS · You will avoid losses from the risk of non-payment of goods delivered on credit and on the other hand you have a good cover against the risk of non-delivery of goods. · Your funds are released for other investments when you buy goods on credit with the bank's guarantee. TO ESTABLISH A LETTER OF CREDIT AT CRDB BANK YOU NEED TO DO THE FOLLOWING: The customer fills in an application form that is to be accompanied by: · A proforma invoice. · Import license and stamp duty affixed in accordance with the requirement of the law. · Particulars of the merchandise set out clearly and briefly on the application form. · A clean report of findings issued by COTECNA or its authorized agent. |
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