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Import Letters of Credit

Sellers in an international trade transaction recognise Import Letters of Credit issued by QNB as a first class guarantee of settlement of their receivables provided that they submit valid documentation to us.

QNB's Import Letters of Credit service provides assurance to its customers that payment will only be made upon the beneficiary’s compliance with LC terms and conditions.

QNB has one of the strongest credit ratings in the MENA region, as such, when a Letter of Credit is issued by QNB the counterparties of a commercial transaction do not usually need to arrange and pay for further confirmation charges from a third-party bank. This creates a strong value proposition to our customers and demonstrates that QNB has outstanding capability in delivering efficiencies to our customers’ procurement process.

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