banner-img

Learning can be easier with EX - Library.

Explore our newest feature, a reliable informational resource you've been looking for!
Explore
Join | Sign In
< Back to questions :: Q&A / Import / Computers

Import Letter of Credit

Import
Computers
From Colombia
To Barbados
218 views / 0 experts
Munmun S.
Oct 19, 2020

How do I obtain an Import Letter of Credit if I do not have existing trade facilities?

1 answer

Dave B.
Oct 19, 2020

The bank may issue a LC based on the credibility of the Buyer. Buyer will need to place a Letter of Credit margin deposit of approximately 110% to 130% with the bank. The LC margin deposit percentage will be dependent on the Trade Incoterms that you are applying.

read more

Search Q&As

Type of expertise

All type of expertise 682
B2B 69
Customs 73
Export 149
Import 67
Other 60
Regulations/Policies 88
SME 21
Services 38
Shipping 79
Trade Associations 38

Top Rated Experts

Raymond Yang
Raymond Y.
Leon Lacroix
Leon L.
Amber Stellingwerf
Amber S.
This website uses cookies. By using this website, you consent to our use of these cookies