Import Documentary Letter of Credit

Contact the International Trade Solutions on
1300 656 251

A formal undertaking by Westpac to pay your supplier, provided they meet the terms and conditions of the documentary credit. Apart from being a secure form of payment, the facility helps you:

Establish credit worthiness with your supplier
Control payment terms and conditions.

Additional features

Westpac receives the documents from the seller and checks to ensure they comply with the terms and conditions of the credit. The documents will then be released to you for payment of goods
Internationally accepted rules apply as determined by the International Chamber of Commerce (ICC)
You specify documentation to accompany each shipment
You nominate the deadlines for shipment
Available in all major currencies
Issued on a 'sight' or 'term' basis
(sight - drafts are drawn for immediate payment)
(term - drafts are drawn on a term payment basis - e.g. 30 days after sight, 90 days from bill of lading).

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General advice on this website has been prepared without taking into account your objectives, financial situation or needs. Before acting on the advice, consider its appropriateness. Consider our disclosure documents, which include Product Disclosure Statements (PDS) for some products. The PDS is relevant when deciding whether to acquire or hold a product. View our Australian Prudential Regulation Authority Registrable Superannuation Entity (RSE) Licence & Registration numbers.

By accessing and viewing this website you agree to be bound by the Terms and Conditions of this website.

Credit facilities are subject to application and the bank's normal lending assessment criteria. Fees and charges may apply to the products and services listed. Full details of the terms and conditions for all the products and services which do not have a Product Disclosure Statement are available on application.