To apply for a Letter of Credit (LC), follow these steps:
Step 1: To locate the Letter of Credit (LC) Application Form on iTrade
- Click on Trade Services >> Import Letter of Credit >> LC Initiation
Step 2: Select one of the options
- From Scratch - most recommended
Free Format - for customers who have an LC customized format requested by their supplier
From Template - to re-use a pre-saved LC format template
Copy from LC - copy from a previous LC format
Back to Back LC - to create an LC from an Import LC that you are the beneficiary of
Draft Transactions - for saving draft transactions to verify and review before sending later
Step 3: Fill out your LC Form
- Fill out all of the mandatory fields marked with a red asterisk " * "
- Include or attach any other relevant information
- Only select the checkbox for "Request for LC draft" if an LC Draft is required
- If you want to save this form as a template for future use, please select "Save as Template"
- Once completed, click "Submit"
