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عربى
Cash Payment LC

The LC is opened against 100% cash coverage based on the customer’s request for an irrevocable LC (LC application) and to receive all the documents in the customer’s name in accordance with the terms set out for the LC. It is considered as a service being provided by the bank against fees and service charges. The customer undertakes to pay the cost of goods plus the bank’s related charges. Upon retirement of the LC document the LC transaction is reversed and the payment is effected by debiting the cash margin on the respective payment due dates. There is no change from the current processes, only the LC application is different.

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UAB Toll Free

800 474

International callers

+971 6 5987332

Sadara Toll Free

800 72 32 72

Sadara international

+971 6 5987333

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