We deal with a great variety of documentary products for Austrian customers as well as for foreign customers and offer

professional support
already from the beginning of the negotiations until the final settlement of the payment.
Due to our customer oriented organization we offer individual and efficient service.
The letter of credit is an excellent instrument to eliminate many risks in international trade.
An irrevocable letter of credit constitutes a definite undertaking of a bank (issuing bank) to pay by order and for account of the applicant (the
importer), within a fixed period of time (at sight or by deferred payment) against presentation of specified, creditconform documents, a
certain amount to a specified beneficiary (exporter), - all provided that the conditions of the credit are fully complied. The promise to pay can
be supplemented by the exporters bank (confirmed Letter of Credit).
Letters of Credit are subject to the Uniform Customs and Practice for Documentary Credits of the International Chamber of Commerce, Paris.
You can buy this brochure at ICC Austria, Vienna.
Since July 1, 2007 UCP 600 are in force.
We handle all types of L/C-business for you:
Here are some examples:

Import Letter of Credit

We open Letters of Credit as per your order.
L/C application form: see Documents
Export Letter of Credit
We advise you of Letters of Credit with/without adding our confirmation.
You want to know on what you have to pay attention to at the time you receive an L/C and want to make sure that the documents
you are going to present will be in conformity with the UCP 600 of ICC.
L/C checklist and checklist for presentation of documents: see Documents
Furthermore you find under Documents a L/C doc.presentation form and a
Draft form.

Transfer of a Letter of Credit

The middleman has the possibility to transfer an Export L/C in favour of his
supplier(s) i.e. to make it completely or partly available to one or several other beneficiary(ies).
L/C transfer application form: see Documents

Back-to-back
The middleman asks his bank to open an Import L/C in favour of his supplier on basis of the Export L/C received.

Letters of credit covering oil-deliveries

Complex and structured counter-trade-transactions