Dubai Municipality Housing Building Office No MZ01, Mezzanine Floor, Deira Dubai

Letter of Credit Procedure

  • Buyer submits requirement in terms of pro-forma invoice or buy and sell agreement of their trade deal to Exim Credit.
  • Exim Credit carries due diligence of their commercial transaction between buyer & seller and will inform the concerned parties about the approval or rejection of their LC application.
  • Once the LC application is approved then the buyer will provide certain documents and pay the LC issuance fee charges.
  • Exim Credit will immediately Issue/Swift  the required LC or DLC on behalf of buyer & in favor of their supplier to conclude their trade deal.
  • All Swift Issued/Transmited are full Recorded By SWIFT Alliance.

Letter of Credit Information

The Documentary Letter of Credit known as LC or DLC is a written undertaking given by a bank to the seller (beneficiary). The Letter of Credit or Documentary Credit is a technique for financing International trade by which a bank (issuing bank) takes the irrevocable commitment, at the request and for the account of its client (applicant), to pay the exporter (beneficiary) against the handing-over of various documents complying with the terms of the credit, proving forwarding and the nature of the goods stipulated in the pro-forma invoice or commercial contract within a set time limit.

The beneficiary of Letter of Credit may also obtain from their bank a credit line or packing credit to mobilize their export and their bank will receive the advance funding from the proceeds of Letter of Credit once they negotiate it.

Exim Credit L.L.C provides Irrevocable, Transferable Letter of Credit (MT-700) at Sight for importers who do not have enough cash flow or bank facilities to run their business.

We are a wealth and investment banking institution that provides a Line of credit insurance to SME/IMPORTER AND EXPORTERS. We have extensive experience in international trade Finance by issuing our line of credit (LC, SBLC, BG, POF, and RWA) to enhance traders, cross border transaction. We do also capital raise by monetizing and trading, bank instrument, bond, as well as assets. in order to conclude any trade deals.

Useful Links


Subscribe to our newsletter

Get in Touch

Kemp House,160 City Road,
London EC1V2NX, UK
D-U-N-S® #: 226050270

United Arab Emirates