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An Import Letter of Credit is a commitment that Maybank will give to pay your supplier on your behalf while goods are still in transit. Payments to your supplier will only be made if we receive a full set of documents as stipulated in the agreement.
Not only you are using one of the most secured payment methods, an Import Letter of Credit also enables you to enhance your credit position and increase your negotiating power.
If you are an importer and is a single proprietor, part of a partnership, or a corporate, then you can apply for an Import Letter of Credit.
Kindly prepare the following documents and talk to us on the numbers below.
Do you lack capital to settle an import obligation? Maybank’s Trust Receipt Line allows you to collect local/foreign purchases before payment of the Sight/Usance Bills.
Need funds while waiting to receive payments from the sale of goods? Or would you want to promptly pay your supplier while receiving extended credit terms and improve your cash flow?