An Export LC is available to businesses licensed to operate in the Sultanate of Oman. Specifically, it is extended to all BankDhofar business clients with pre-approved credit lines, or against 110% cash margins.
If your business involves export, you need the support of a trustworthy partner at your side.
The Export Letter of Credit (LC) is a contractual agreement in which BankDhofar pays you a part of the amount being billed to your buyer (importer), provided specified conditions in the LC are met. This helps you to improve cash flow because you receive payment without delays – sometimes even before the shipment has reached your buyer. Also, with immediate availability of funds, you can plan your working capital utilization better.
