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?

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.

May 17, 2024 EXCHANGE Rate
Currency Buying Selling
56.9888 58.1286
68.8685 70.2459
61.9126 63.1509
14.0413 14.3221
13.7515 14.0265
60.2506 61.4556

Exchange Rate