What types of letters of credit are available for importing and exporting?
An ASB international business expert can help you understand which of the different types of letters of credit might be best for your situation. Note: the importer’s bank issues various types of letters of credit. Options include:
- Irrevocable documentary letter of credit
- Transferable documentary letters of credit
- Standby letter of credit
Your organisation can request the Card Manager module through your ASB Relationship Manager or the FastNet Business Helpdesk on 0800 ...
Exporters and importers can use a standby letter of credit as a backup which only activates in the event of ...
Once your organisation has the Card Manager module, your FastNet Business Administrator can provide access to other FastNet Business users ...