DOCUMENTARY CREDIT DEPARTMENT
ISLAMIC FINANCE TOOL FOR TRADE SUPPORT
Our professional staff in documentary credit put their sole goal is to cover your trade need with right technical international standard.
- To safeguard your commercial needs and safety of your goods.
- Speedy commercial exchange at most convenient time that you have place to.
- Highly reach any place around the world through expanded correspondent bank net work with the recent up-to-date communication technology.
SERVICES PRESENTED BY L/C DEPARTMENT:
Kuwait Finance House presents services, which support Import and Export operation with high standard with accuracy and speed through expanded network for international banking correspondence with large experience in this field and its products.
Letter of Credit by Sight:
This type of LC creates security for merchants for importing goods or supplies it in the local market.
Letter of Credit on Acceptance basis:
It is a kind of LC, which gives importer to settle the draft to the beneficiary after receiving the goods or documents in Kuwait against acceptance present range from 60, 90 or as usage period agreed.
Murabaha L/C:
By this kind of L/C Kuwait Finance House is importing goods in his name and in his own risk in which the customer willing to import goods such when goods arrived Kuwait Finance House enable customer to buy it with an agreed profit to be settled in in installments suitable with customer cash flow.
Export L/C:
Which helps in activities of the Foreign Export and support local products as we can advice this L/C to exporter and added their confirmation in case it is needed. As exporter will presents to us documents comply with L/C terms and he can get value of goods exported as per L/C terms.
Letter of Guarantees:
As we have issued various types of guarantees which is suitable for different types of projects either Tender, Performance or Advance payment and or maintenance contract and so on and also for Personal Guarantees like Telephone and others.
Bills for Collection:
As Kuwait Finance House act as a mediator to deliver documents to Companies, persons, Institutions which he will deliver as per the instructions received along with these documents.