You need the support of knowledgeable trade finance specialists to rely on.
At NBK UAE, Trade Finance gathers a team of talented experts with vast and cumulative experience. This, complemented by the latest technology of world-class standards, is the best solution for importers who are seeking expertise for their Letters of Credit, guarantee and structured trade deals.
Our Trade Finance team’s vast experience and knowledge has enabled us to offer a high degree of professionalism.
LETTERS OF CREDIT (LC)
A Letter of Credit is a conditional payment mechanism under which the issuing bank irrevocably promises to pay the seller if presented documents comply with all of the Credit’s terms and conditions.
We offer:
- Irrevocable LC
- Transferable LC
- Back-to-Back LC
- Revolving LC
- Standby LC
LETTERS OF GUARANTEE (LG)
The department is experienced in proactively recommending to clients the best format and method to protect their rights and interest in all guarantee categories such as bid bonds, performance, advance payment, retention, suppliers credit guarantee, contract guarantees and others.
HOW DO I GET IT?
For more information on how to request any Trade Finance service or document for your business please contact your Business Relationship Officer or you can email enquiries to [email protected].
FEES & CHARGES
The commission rate is based upon the risk assumed by collateral and your financial strength.
Other charges may include correspondent bank charges and expenses incurred by relating to the letter of credit such as courier, swift charges, etc.