A letter of credit is a conditional guarantee of payment issued by Stanbic Bank to assist you with your cross boarder trading activities. These letters provide reassurance to your suppliers that they will receive payment for goods exported to your company.

Features and benefits

• Involve shipment documents.
• Stanbic Bank Tanzania through its Standard Bank South Africa.
• Standard Bank London can receive export letters of credit from all over the world.
• Terms protect interest of both buyers and sellers.

How to apply
Visit any Stanbic Branch near you to apply or call your relationship manager

Documentation required

• Fill in the letter of credit application form.
• Submit proforma invoice/commercial invoice.
• Insurance cover (if applicant is going to pay for insurance).
• Import declaration form (TRA).