Import Letters of Credit are designed to facilitate trade, enhancing relationships with your supplier through efficient document processing and timely payment, while still protecting your rights. Exporters as a trading condition frequently stipulate Letters of Credit. CRDB Bank opens, advises, amends and pays Letters of Credit on behalf of thousands of importing companies worldwide, enabling commercial trading transactions to proceed swiftly and efficiently.

In Tanzania today, one of the key challenges is how to effectively manage your import letter of credit process. In managing this, you face a number of issues e.g.

  »   Length of time and cost in setting up credit facilities.
  »  Speed and accuracy required in getting an urgent L/C issued.
  »  Effort intensive process given paperwork.
  »  Problem in identifying information on transaction status.

- The CRDB Bank Trade Finance Unit: provides a soft copy alternative to your L/C application form recognising the need for the customers computerised office.

This product is subject to CRDB Bank's internal approval

For more details on this product, please contact your Relationship Manager Tel +255 22 2117442-7
Or
Manager- Trade Finance Tel +255 22 2115495
Email: tradefinance@crdbbank.com