In basic terms, a Documentary Credit (DC) is an undertaking by a bank to make a payment provided the terms of the documentary letter of credit are met. There are several types of documentary credits - the main difference is that some are more suited to transactions involving middlemen or traders.
Here's a quick guide to the most common types of documentary credits. If you require assistance in choosing the best payment method, please Contact Us.
* Terms may be better due to support of Master DC
** Some terms to follow Master DC
*** If the terms of the Transferable DC are met