Product / Service Features
uab bank is acting as Advising Bank to authenticate your Letter of Credit before releasing the LC to you for your assured of the authenticity of LC.
With export letter of credit, you can be assured that you will receive payment for export goods when your documents meet the terms & conditions of LC from the LC issuing bank.
Export Documentary Collection
uas bank is acting as trustee and intermediary to collect payments and release your trade documents to your buyer through their bank. Documents against Payment (DP)
buyer bank releases the import documents once the buyer is paid. Documents against Acceptance (DA)
buyer releases the import documents upon buyer acceptance of the bills of exchange/draft for payment at later date.