Documentary Credits

The documentary credit is one of the most secure payment methods in international trade, offering the exporter a conditional payment guarantee from the importer’s bank.

Documentary credits usually require the presentation of certain documents. We have compiled a set of checklists to help your company make sure that every document is completed correctly.

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Documentary credits cover the following

Exports
Exports
For an exporter, the risk of your buyer not paying is covered by a documentary credit from the buyer's bank. You are therefore no longer dependent on a customer’s willingness or ability to pay.

see Exports
Imports
Imports
Payment is made only when the exporter presents documents that comply with the terms and conditions of the documentary credit.

see Imports
Standby Documentary Credits
Standby Documentary Credits

Unlike a standard documentary credit, a standby documentary credit is activated only if the payment does not take place.

see Standby Documentary Credits
Documentary Credit Process
Documentary Credit Process

See a graphical presentation of the documentary credit process and the various steps involved.

see Documentary Credit Process
International Rules
International Rules
Documentary credits are subject to various international rules and regulations.

see International Rules
Incoterms 2010
Incoterms 2010
Companies use the ICC's standard trading terms for defining risk, liability and obligations.

see Incoterms 2010
FAQ
FAQ
We have compiled a series of frequently asked questions about documentary credits.

See FAQ
Documentary Credit Glossary
Documentary Credit Glossary
We have compiled a list of terms often used in connection with documentary credits.

See Documentary Credit Glossary

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