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Home / Products / Documentary Letters of Credit

Payment instrument, subject to international regulations, through which the Issuing Bank, acting at the request of the ordering client (Account Party), undertakes to honour up to a certain amount, to a third party (Beneficiary), against its surrender of the documents required in the Letter of Credit.

Requirements:

  • Maintain a current Credit Line with Popular Bank
  • Complete the Application for Issuance of Letter of Credit

Types of Letters of Credit:

  • Import Letter of Credit
  • Standby Letter of Credit
  • Export Letter of Credit

Benefits:

  • Ruled by International Customs and Practice Rules
  • Security of payment for the merchandise sold or purchased between importer and exporter
  • Accepted worldwide

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Ave. Aquilino de la Guardia,
47th Street
Torre Banco General 20th Floor
P.O. Box 0816-00265
Panama, Rep. of Panama

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