Letter of Credit

Through our extensive network we are able to arrange letters of credit and similar financial instruments. Generally, the major institution providing this facility will be a well known bank with AAA rating. The actual institution chosen for this will be selected as being the best one to suit your own needs. Typically, the following will apply:

The term will be a minimum of 6 months.

The cost is 18% and minimum amount is 1 mil US.

You need to submit a letter of intent seeking our services to arrange the Letter of Credit for you.
Provide proof of funds for the 18%
Copy of the applicants passport
Two or three page executive summary of the project for which you are seeking the Letter of Credit for.
Commission pay-order for paying 1% for us as our service charge payable after receipt of the instrument.

Upon receipt of the above, we shall send to you application form to fill out and send back.

Once the application is received, submissions will be made to the bank and the draft of the Letter of Credit will be sent for your review and acceptance, after signing off on it, you then effect payment.

After payment is received, it takes 5 banking days for the instrument to be issued and sent via SWIFT MT760 direct to your designated bank details provided on the application form.

After you have received the SWIFT MT760, copy of which will be sent to you, you then pay us the 1%