A letter of Credit (L/C) also known as documentary credit is a financial trade instrument, which reduces the risk for both seller and the buyer.
Our team of professionals at MEB is ready to deliver a perfect balance of high standards by understanding your trade finance needs along with proposing tailored solutions. MEB offers Letter of Credit to importers of humanitarian goods and services such as food, medicine, medical devices, and agricultural commodities.
L/C will assure the payment to the seller of goods or services once they present specific documents to the bank. Thus, the risk is transferred to the Issuing Bank. They will commit to paying the supplier within a set time limit and once the contents of all documents comply with the terms and conditions of the letter of credit.