When you need your seller to know that you have the financial means to import their goods, Al Rajhi Bank's Letter of Credit-i comes in useful. Often used in international trade to eliminate the risks associated with the importer's country, the Letter of Credit-i serves as concrete confirmation that your seller will receive payment for the goods or services imported by you.
ONE DAY issuance for LC-i Letter of Offer with minimum supporting documents and ONLY ONE DAY to get your LC-i out, subject to completion of documentation.
Click Express LC-i Application Checklist for more details.
Re-issuance of Import Letter of Credit for transfer to second beneficiary, local or foreign.
TRADE SERVICES | CUT-OFF TIMES | TURNAROUND TIMES |
---|---|---|
Issuance of Letter of Credit (LC-i) - Imports New / Amendment (Subject to applications received complete and in order) |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
New Inward Bills under LC-i - Document Checking - Document Arrival Notice |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
Inward Bills under LC-i Acceptance (Subject to acceptance instruction received) |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
Inward Bills under LC-i Payment (Subject to Payment Instruction received are in order) |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
New Inward Bills for Collections (IBC-i) - Document Arrival Notice - Acceptance (Subject to all documents received are in order) |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
Inward Bills for Collections (IBC-i) Payments (Subject to payment Instruction received are in order) |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
Exports – Advising/Confirming/ Transfer of Export LCs (Subject to all inward LCs received) |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
Export Collection under LC / Non LC (OBC-i) - Documents Examination - Bill Creation / Payment (Subject to documents received complete and in order) |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
Shipping Guarantees (SG-i) New/Cancel (Subject to application and documents received complete an in order) |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
Air Waybill / Bill of Lading Endorsement (Subject to application and documents received complete an in order) |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
Banker’s Guarantees (BG-i) & Standby Letters of Credit (SBLC-i) New / Amendment (Subject to application/request received are in order and comply to standard procedure) |
By 12.00 pm | |
Banker’s Guarantees (BG-i) & Standby Letters of Credit (SBLC-i) Cancellation (Subject to applications received complete and in order) |
By 12.00 pm | |
Banker’s Guarantees (BG-i) & Standby Letters of Credit (SBLC-i) Claim (All claims on BG to be processed within 7 business days from receipt date of letter of demand at TSD counter) |
By 12.00 pm | |
Trade Commodity Financing-i Purchase Commodity & Disbursement (Subject to application and documents received complete and in order) |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
Trade Commodity Financing-i Partial Settlement/ Early & Full settlement |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day | |
Bank Guarantee (BG-i) – Wakalah against Cash Margin - New / Amendment (Subject to application and documents received complete and in order) |
By 12.00 pm | To be processed on same day |
After 12.00pm | To be processed next business day |
Kindly provide us with your details and our Bank representative shall get in touch with you soon.
Beware of fake Al Rajhi Bank website! Follow our security tips Here