Import Letter of Credit
Term Loan for emission of SBLC
Payment method by which the importer’s bank (correspondent) irrevocably commits to pay an exporter for exported goods, as long as the terms and conditions of the letter of credit have been met.
- Wide network of correspondent Banks
- Competitive commissions
Simple Credit for issuance of SBLC is a product of Banco Shinhan de México, S.A. Multiple Banking Institution. Subject to credit approval. Restrictions apply. For more information go to our Banking Office.
Requirements
You must be an account holder of Banco Shinhan de México.
Frequently Asked Questions
What is a letter of credit and what is the purpose?
It is a conditional payment other than a bank receive to pay a beneficiary (seller) on behalf and by order of a issuer (buyer) through a correspondant bank, against the presentation of certain shipping documents or delivery of services.
* Its purpose is to facilitate external and internal trade, eliminating the distrust and risk that may exist buyer and seller
What are the modalities of letter of credit?
Export, Import, Stand By / Guarantees on first demand, and documentary collection.
Who is it for?
Mexican exporting companies, Mexican importing companies and companies buying and selling godos / services.
What is the cost of a letter of credit?
Cost vary depending on the operation and modality.
What is a Stand by Letter of credit?
It is a form of letter of credit, that uses as a warranty and is used in case of comercial financial or service obligation breach. They are usually negotiable on demand with a “letter of default” used by the beneficiary.
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Contact
Av. P.º de la Reforma 250, Juárez, Cuauhtémoc, 06600 Ciudad de México, CDMX
Contact Shinhan: (55) 6722-8000
Inquiry Condusef: 800 999 8080 y 55 53400999
