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Payment Security for Sellers
Sellers receive guaranteed payment upon presentation of compliant documents, eliminating the risk of non-payment.
Ideally any seller of goods/services would like to receive payment before the delivery of goods/services to a buyer. Similarly the buyer would also like to ensure that the goods/services bought are as per his specifications and deliveries are affected in time, before parting with the money.
Ghazanfar Bank Letter of Credit provides Shariah-compliant security and assurance for both buyers and sellers in trade.
Sellers receive guaranteed payment upon presentation of compliant documents, eliminating the risk of non-payment.
Buyers are assured that payment is only released when goods/services meet the agreed specifications and delivery conditions.
All Letters of Credit are issued and accepted in compliance with the International Chamber of Commerce UCP 600 standards.
Ghazanfar Bank acts as a trusted third-party intermediary, providing assurance and facilitating smooth trade transactions.
Ghazanfar Bank issues and accepts all kinds of LC — sight, usance, confirmed, and revolving — to support your trade needs.
Facilitates cross-border trade transactions, complying with national and international standard practices.
Understand the published features and prepare for a conversation with our team.
Explore banking servicesA Letter of Credit is a Ghazanfar Bank-issued instrument based on Wakala, and it is a written that bridges the trust gap between buyer and seller in trade transactions — guaranteeing payment to the seller upon presentation of compliant documents while assuring the buyer that goods/services meet agreed specifications. Issued at the request of the buyer (applicant) in favour of the seller (beneficiary), involving key parties such as the LC opening bank, advising bank, confirming bank, and negotiating bank, Ghazanfar Bank issues and accepts all kinds of LC in full compliance with Shariah principles, UCP 600 international standards.
A letter of credit is a Shariah-compliant written instrument issued by a banker at the request of a buyer (applicant) in favor of the seller (beneficiary) undertaking to honor the documents or drafts drawn by the seller in accordance with the terms and conditions specified in the credit, within a specified time. Thus the credit is made available to the seller against delivery of certain specified documents.
Ghazanfar Bank is issuing & accepting all kinds of Letter of Credit complying with national & international standard practices and the International Chamber of Commerce's latest documentary credit revision (UCP 600), Uniform Customs & Practice for Documentary Credits, 2007 Revision.
Businesses engaged in trade transactions may apply for a Letter of Credit at Ghazanfar Bank.
For specific eligibility requirements or special trade circumstances, please contact your nearest Ghazanfar Bank branch.
To apply for a Letter of Credit, please prepare the following documents. Having these ready will help speed up the application and issuance process.
All documents must be original or certified true copies. Additional documents may be requested by the trade finance department.
LC amounts are tailored to your trade transaction requirements and subject to bank approval.
Final LC limits are subject to the bank's credit and trade finance department assessment and collateral requirements.
Transparent pricing for all Wakala based Letter of Credit services at Ghazanfar Bank.
All charges are subject to change. The bank reserves the right to modify fees with prior notice to customers. Additional charges may apply for special services not listed above.
| Service | Charges |
|---|---|
| LC Issuance Fee | As per bank schedule |
| LC Amendment Fee | As per bank schedule |
| LC Advising Fee | As per bank schedule |
| LC Confirmation Fee | As per bank schedule |
| LC Negotiation Fee | As per bank schedule |
| Document Handling Fee | As per bank schedule |
| SWIFT/Telex Charges | As per bank schedule |
Find answers to common questions about Ghazanfar Bank Letter of Credit services and trade finance.
Businesses engaged in trade transactions may apply for a Letter of Credit at Ghazanfar Bank.
All documents must be original or certified true copies. Additional documents may be requested by the trade finance department.
Final LC limits are subject to the bank's credit and trade finance department assessment and collateral requirements.
All charges are subject to change. The bank reserves the right to modify fees with prior notice to customers. Additional charges may apply for special services not listed above.
Facilitate your trade transactions with confidence using Ghazanfar Bank's Letter of Credit service. Whether for international trade, we provide Shariah, UCP 600-compliant LCs tailored to your needs. Apply online or visit any of our branches nationwide.
Need assistance? Call our customer service at +93 (0) 20 220 2345 or email us at info@ghazanfarbank.af
Product information adapted from Ghazanfar Bank's official letter of credit page (opens in a new tab). Confirm current terms and availability with the bank.
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