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 or 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 Service Area 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 Letters of Credit, please contact (787)724-0650 or visit us at the Señorial Center Lomas Verdes Avenue PR 177 Int. PR 52 San Juan PR 00926 .