Export Letters of Credit
This is a payment instrument that allows exporters, suppliers or beneficiaries to substitute their buyer’s credit with the loans provided by their importers, principals or buyer’s banks, backed by documents related to goods or service sales, which must comply with all of the terms and conditions established in the Letter of Credit.
Created for
Mexican export companies.
Benefits
- Provides a high level of assurance that payment will be received, while protecting the title to the seller’s goods.
- The exporter’s reassurance on the terms and conditions it must meet to guarantee its payment.
- Reduces the need for Mexican exporters to confirm their buyer’s credit since the banks assume this obligation.
Requirements
- The exporter, seller or beneficiary must ask the principal, importer or buyer to have its foreign bank send the letter of credit directly to Bancomext, with a notification or confirmation notice.
- Companies will be paid on time once they submit the documents as established in the Letter of Credit’s terms and conditions.
- The exporter, seller or beneficiary must provide Bancomext with all of the legal documentation required for proper identification purposes.
- Apply for your export "Letter of Credit service online through B@ncomext Trade".
Contacts
Mildred Maylin Resendiz-Mena
Telephone: + 52 (55) 5449-9000 ext. 9466
Email address: mresendiz@bancomext.gob.mx