Letters of Credit

 

Bank Shahr Letters of Credit (L/Cs) enable our business customers to build closer relationships with their domestic trading partners. A Letter of Credit provides sellers with an assurance that payment will be made in full and on time, plus it guarantees buyers that payment will not be released until precise delivery conditions have been met. By mitigating the risks of payment default and non-delivery, we create greater security for both buyer and seller, promoting greater collaboration between domestic companies. Bank Shahr offers “Sight” and “Term” Domestic L/Cs denominated in IRR, which are applicable to trading arrangements where both parties are based in Iran.