What are the Letter of Credit types?

Answer

There are two types of letter of credits, Local or External:

Local Letter of Credits:

Aman bank issues local letter of credits at the request of our customers for the benefit of local beneficiaries to guarantee the contractual relationship between them.

External Letter of Credits:

There are two types of the External letter of Credits:

External Letter of Credits for the purpose of import

Aman bank issues External letter of credits for the purpose of import at the request of our customers for the benefit of External beneficiaries to guarantee the contractual relationship between them.

External Letter of Credits for the purpose of export

Aman bank receives all letter of credits received from abroad for our customers to continue their export operations.

Our customers

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