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Export Documentary Credit

Non-Confirmed Export Letter of Credit

A non-confirmed export letter of credit is a type of documentary credit issued by an importer's bank in favor of the exporter (KFH Client) without the additional payment guarantee of Kuwait Finance House.

Confirmed Export Letter of Credit

A confirmed export letter of credit is a type of documentary credit issued by an importer's bank in favor of the exporter (KFH Client) with the additional payment confirmation from Kuwait Finance House and the confirming bank “KFH” will be obligated to pay the beneficiary directly against complying documents presented at confirming bank counter.

Non-Confirmed Export Letter of Credit

A non-confirmed export letter of credit is a type of documentary credit issued by an importer's bank in favor of the exporter (KFH Client) without the additional payment guarantee of Kuwait Finance House.

Confirmed Export Letter of Credit

A confirmed export letter of credit is a type of documentary credit issued by an importer's bank in favor of the exporter (KFH Client) with the additional payment confirmation from Kuwait Finance House and the confirming bank “KFH” will be obligated to pay the beneficiary directly against complying documents presented at confirming bank counter.

Product Benefits

  1. KFH global network of correspondent banks.
  2. Compliant to sharia principles.
  3. Effective communication with our trade finance experts.
  4. Competitive processing fees.
  5. Kuwait Finance House guarantees payment to beneficiary once complied document presented to KFH.

 

Fees

KFH Tariff list: CLICK HERE.

 

Eligibility

  1. Kuwait Finance House Clients.
  2. Correspondent banks after applying the internal procedures.

 

Terms and Conditions

  1. Account in Kuwait Finance House in case negotiation of document is required.
  2. Official LC received via SWIFT.
  3. LC terms and conditions subject to not violate KFH internal policies.

 

Application

Application for Export Bills under Letter of Credit.

 

How To apply

  1. Trade Hubs – Non cash services Dedicated Banking branches to serve you.
  2. ECorp - KFHONLINE for corporates.
  3. Trade Finance reception counter - Head Office.