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Issuing Bank

shipping container at sea
Definition

The issuing bank is the financial institution or bank that issues a letter of credit (LC) on behalf of the importer or buyer, providing a guarantee of payment to the exporter or seller once the required documents and conditions specified in the LC are met, facilitating secure and reliable international trade transactions.

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Issuing Bank

Definition

The issuing bank is the financial institution or bank that issues a letter of credit (LC) on behalf of the importer or buyer, providing a guarantee of payment to the exporter or seller once the required documents and conditions specified in the LC are met, facilitating secure and reliable international trade transactions.

Have a question? Talk to an expert.

Our experts love to answer questions. Fill out the form and someone will contact you soon.

Thank you for your submission!

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Oops! Something went wrong while submitting the form.

Get the Most Advanced Visibility Into the Journey of Your Ocean and Rail Containers

Talk to one of our supply chain experts to get started now.
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Shipping container at seaShipping container at sea