Letters of Credit
To help you worry less about your overseas transactions, Webster offers a more secure payment method.
- Fast Facts
- Safe + quick payment
- Offers payment protection
- Shifts risk to importer’s bank
Doing business overseas offers lots of rewards—and some risks. So when you’re making international financial transactions, Webster understands you need all the reassurance you can get. That’s why we work closely with you through all types of Letters of Credit.
Webster Assists You With These Letters Of Credit
Export Letter of Credit
These are used to make payment to you against presentation of shipping documents that meet the terms of the Letter of Credit.
Webster’s experts will help you structure your Letters of Credit and reduce any risk.
Import Letter of Credit
Webster provides an undertaking on your behalf to pay your supplier as long as the shipping documents comply with the terms and conditions of the Letter of Credit.
Because your merchandise purchases are financed, your suppliers may lower prices due to their reduced credit risk. Bank financing against the Letter of Credit for your suppliers may also be possible.
Standby Letter of Credit
With a Standby Letter of Credit, Webster supports your monetary obligations, or your financial performance under a contract.
A Standby Letter of Credit can be used in international transactions as a bid bond, performance bond, or advance payment bond.
For more information on Letters of Credit, please call us at 1-800-482-2220.
All credit products and pricing are subject to the normal credit approval process. Some applications may require further consideration and/or supplemental information. Certain terms and conditions may apply.