When Union Investment Bank provides a letter of credit, it guarantees that we will pay the importer/exporter a specified amount of money on a specified date.
For the buyer/importer, a Letter of Credit ensures that payment will not be made until the goods or service have been supplied and/or shipped.
Furthermore, the seller/exporter will only be paid 1) if the terms specified in the Letter of Credit are met and 2) the correct documentation, such as shipping confirmation for example, is supplied.
Email us at or call us on [email protected], +971 552 677 087. You can also visit us at 39 Dubai Residential Oasis Damascus Road, Dubai,
United Arab Emirate.
Send this to friend