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A letter of credit is an instrument issued by a bank on behalf
of its customers authorizing an individual or firm to draw
in accordance with certain terms stipulating that all such
drafts (bills) will be honored. The letter of credit is a
commercial specialty that is normally similar to, but different
from contracts or guaranty agreements. The letter of credit
is not itself a contract, although contractual undertakings
underlie the letter. When you want to import goods into Palestine
do not worry about the import rules. Just contact the customer
friendly staff of BoP L/C Division who will take care of your
worries and guide you through the mechanics of the letters
of credit issuance. BoP's Letter of Credit Division., is backed
by a technically expert staff who have a wide variety of experience
in complex L/C transactions. BoP, due to its excellent track
record and professionalism, enjoys a dominant market share
in L/C's.
Leave your worries to us and see how they are resolved at
BoP L/C Division.
Export
On the other hand, BoP is a leader in handling the LC for
export. Our expert L/C team will be at your disposal to assist
you in structuring your transactions and avoiding inconsistencies
that can cause increased costs, delays and potential loss
of business.
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