Import by Letter of Credit

An import Letter of Credit is an  undertaking given by Coopbank to a seller at the request and/or instructions of its customer, applicant ( buyer) to make sight payment or accept a bill of exchange (draft) drawn by the seller to pay it  after specific future date  provided all  terms and conditions of the Letter of Credit are complied with.

Import LCs, sight and acceptance or deferred payments are processed with less turnaround time in our dedicated trade service center with outstanding operational expertise.

Product feature

  • The issuing bank makes payment to the beneficiary or exporter against the receipt of complying stipulated documents.
  • The bank’s obligation to pay is solely conditioned upon the seller’s compliance with the terms and conditions of the LC
  • Payment is made on the basis of documents
  • Protect the interests of both buyer and seller

Import by Cash against Document (CAD)

CAD is a payment arrangement in which an exporter instructs a bank (Remitter bank) to forward shipping and title documents to the importer’s bank (Coopbank) with a request to present these documents to the buyer for payment, indicating when and on what conditions these documents can be released to the buyer.

Our Trade service center efficiently process import transactions on cash against payment mode of payment.

Import by Advance Payment

Advance payment is a prepayment method through which a seller receives payment from a buyer prior to shipment of the agreed-upon goods or rendering the agreed-upon service. Allows a special drawing right to the seller to collect payment before presentation of shipping documents.

Import-Payment is through bank transfers


  • Goods shipped at seller conveniences
  • Payment is received prior to the transfer of ownership of the goods
  • Buyer shall not make any payment until they receive the goods.
  • Allows the buyer to import goods at relatively lower finance cost.