Business
Individuals
PASHA Bank
Letter of Credit
PASHA Bank offers Letters of Credit – a secure, efficient, and reliable solution for transactions between buyers and sellers, both locally and in international markets.
A Letter of Credit not only covers the purchase of goods but also safeguards and specifies critical details such as the exact quantity and characteristics of the goods, delivery deadlines, loading and unloading points, and other key terms of supply.
The buyer is assured that no payment will be made unless the seller fully complies with all the conditions stated in the Letter of Credit. Meanwhile, the seller is guaranteed that upon fulfilling the agreed conditions and following the proper procedures, the issuing bank will reimburse the Letter of Credit amount in line with the payment terms.
PASHA Bank’s experienced Trade Finance team provides end-to-end support throughout the process – from structuring the Letter of Credit to verifying all related documentation.
conditions:
Transaction security – both parties are protected against breaches and non-fulfillment of obligations.
Risk mitigation – commercial risks are minimized.
Trust enhancement – with the bank’s involvement, confidence between the parties increases. The seller is assured of receiving payment upon submission of the required documents, while the buyer is guaranteed to receive the agreed goods.
International standards – Letters of Credit are governed by globally recognized rules (UCP 600), ensuring transparency and reliability.
