Documentary Letter of Credit
Used when a buyer / importer / applicant wants to buy goods or services and the seller / exporter / beneficiary is normally the provider.
1The issuance of a letter of credit or documentary collection is subject to the applicable rules published by the International Chamber of Commerce (ICC). For additional information please contact our Trade Finance Center today at (305) 938-0121.
The information provided is for informational purposes only, is intended to provide general guidance and does not constitute legal or tax advice. Each person’s situation is unique and may materially differ from the information provided herein. You should seek the advice of a financial professional, tax consultant and/or legal counsel to address your specific needs before any financial or other commitments regarding the issues related to your situation are made. Popular Bank does not make any representations or warranties as to the content contained herein and disclaims any and all liability resulting from any use of or reliance on such content.
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