Documentary Letters of Credit
Documentary letters of credit give security of payment to exporters and confidence to importers that the goods they are buying have been shipped in good order.
Why use documentary letters of credit?
- Exporters who present their shipping documents in order and on time can be paid securely and quickly.
- Importers can ensure that they only pay for their goods once they have been shipped and the shipping documentation is in order.
- Importers may also be able to negotiate better prices as payment is guaranteed by their bank.
- We can confirm an exporter’s letter of credit which will guarantee secure payment against correct documents.
- We can issue an importer’s letter of credit and guarantee payment to an overseas supplier subject to the terms of the letter of credit.
- Documentary letters of credit leverage our banking network to provide confidence to counterparties engaged in export and import transactions.
All documentary letters of credit are issued under universally accepted rules set out in Uniform Customs and Practice for Documentary Credits (UCP) publication 600, issued by the International Chamber of Commerce.
How to apply
Important legal information
Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. Telephone: 020 7626 1500
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