Export Documentary Letter of Credit

An export (or confirmed) letter of credit by a reputable international bank gives you the assurance that you will be paid if you present the required documents according to the terms of the letter of credit. Our bank’s role in this will be to advise you of the receipt hereof and also to assist you in collecting the proceeds by forwarding the required (shipping) documentation to the issuing bank for verification.

Benefits

  • Guarantee payment
  • Unlimited possibilities
  • Simplify the process of exporting
  • The assurance that you will be paid if you present the required documents according to the terms of the letter of credit
  • The confidence to seek clients in other countries to export your products to
  • Unlimited possibilities to grow your market

Aruba Bank will act as the advising or confirming bank and claim funds on your behalf in case of non-compliance by your buyer.
Export Letters of Credit are issued by international banks in your favor as security for payment for merchandise that you are exporting. As a rule the letter of credit should be irrevocable and non-negotiable.

Just having an operating account with Aruba Bank and instructing your client to have his bank use our intermediary.

Customer Support

Account and service information is just a phone call away.
For information on a specific incoming Letter of Credit just call:
During business hours (8:00am to 4:30pm AST):
Aruba Bank Collection Department: (+297) 527-7860
 
For questions regarding the product features, please call:
Aruba Bank Corporate Credit Account Manager: (+297) 527-7774

Useful Tips

Sign up for Aruba Bank Online® and get updates on your account balance from the comfort of your home or while on-the-go.

Do you have questions?

Contact our Contact Center during office hours at (297)527 7777.

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