Letters of credit

What is it?

A letter of credit is a conditional guarantee of payment issued by us to help you with your cross-border trading activities. These letters assure your suppliers that they will be paid for goods exported to your company.

What does it offer me?

  • 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.

What do I need to apply?

  • Visit any branch or call your relationship manager
  • Fill in a letter of credit application form
  • A pro forma invoice or commercial invoice
  • Insurance cover (if applicant is going to pay for insurance)
  • Import declaration form (TRA).

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