The letter of credit is one of the most common, flexible and useful international trade tools. By having the ability to use Letters Of Credit, your business can instantly become a "player" in the international marketplace. There are many types, however, and understanding the most appropriate use for each is critical to your success. We have the expertise to help you use Letters of Credit safely and effectively. All of the various letters of credit (we also offer domestic letters of credit) offered by Columbia Bank are subject to the uniform rules of the International Chamber of Commerce. These rules are followed by the majority of countries and banks around the world, but great care must be exercised in handling drafts and documents drawn under letters of credit. This is where our expertise can be of great benefit. |