Letters of Credit

Letter of credit is a commercial credit product issued at the request of the applicant that represents a payment instrument that constitutes a definite bank undertaking to pay to the beneficiary upon the presentation of documents in accordance with the terms and conditions of the credit. The payment is subject to the compliance documentary conditions. The issuance of a letter of credit is subject to the applicable rules published by the International Chamber of Commerce (ICC).

Benefits:

• Secures payment for services a merchandise.
• Guarantee the undertaking of financial or performance obligations on behalf of our customer (stand by credit)
• Enhances your commercial relations with international clients and suppliers.
• Upon presentation of all negotiable documents included in the transaction, the International Division of Banco Popular will pay in accordance with terms established in the letter of credit

Applications:

• Documentary Irrevocable Credit Application
• Application for Standby Irrevocable Credit
• Guide to Fill out the Irrevocable Documentary Credit Application
• Guide to Fill out the Application for Standby Irrevocable Credit

For more information regarding our International Services, please contact (787) 724-0650 or visit us at Señorial Center Lomas Verdes Avenue PR 177 Intersection PR 52 San Juan PR 00926.