Import and exporter

Letter of Credit (L/C)

  • An importer /exporter letter of credit is an instrument issued by a foreign bank on behalf of its importing/exporter customer favoring an exporter who is customer of DBE.
  • documents may be requested as and when situations demand).

Cash against Document (CAD)

  • Under this mode of payment customers shipped the agreed up on goods to the buyer and present shipping documents along with covering letter to the bank for collection of payment
  • Required Document: Commercial Invoice, Sales contract, License, undertaking letter and TIN certificate (additional documents may be requested as and when situations demand).

Advance Payment

  • This is the most basic / preferred payment methods for goods. The supplier receives cash in advance from the buyer before goods are shipped.
  • Required Documents: Advance payment receipt (Incoming Telegraphic Transfer) advice or customs declaration along with bank advice for the sale of the Cash Notes to the Bank. (If deposited in Foreign Currency Cash Notes), commercial invoice, sales contract, License & TIN certificate.
Open a Bank Account Online Today

Need more help?

8980
251 115-57-12-54
251 115-57-13-24
Call us, we’re available daily 9AM to 11PM

Already a customer?

You can find branches near you here or contact us for information here

Try Our App

A full features banking mobile app for bussiness & personal use.

Mar 29, 2024 EXCHANGE Rate
Currency Buying Selling
USD
56.6236 57.7561
GBP
68.3299 69.6965
EUR
61.1818 62.4054
AED
13.9527 14.2318
SAR
13.6630 13.9363
CHF
59.8379 61.0347

Exchange Rate
Close