Letters of Credit

A payment instrument specific to international trade, which guarantees payment only under the terms and conditions of the letter of credit

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Payment instrument

Uniform Rules and Norms 600 Publication (UCP 600)


The most secure payment instruments for importers and exporters

Letters of credit

Documentary credit is an instrument specific of international trade that both exporters and importers use to guarantee payment only under the terms and conditions of the letter of credit.

The main types of letters of credit and transactions

  • Irrevocable letters of credit that can be used by payment at sight or at a later date
  • Negotiation of documents under letters of credit at sight

 Trazactions associated to letters of credit:

  • Confirmations of export letters of credit
  • Discounting under deferred payment letters of credit


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