Get the added security and control you need when buying from an overseas seller with an import letter of credit. After all, your business is your livelihood, and secure trade finance transactions help protect it.

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How it works

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What you get

With an import letter of credit from Barclays, you can enjoy the following benefits:

  • A stronger trading status which helps your credit rating
  • More negotiating power when it comes to the credit period or pricing
  • A higher level of security for both yourself and the seller
  • A safer means of payment
  • Deferred payment terms can serve as a form of credit
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What you need to know
  • Trade finance transactions can be conducted in convertible currencies in any country worldwide
  • You will need to write a formal letter detailing your request to open a letter of credit and how it will be funded.
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What to bring when you apply
  • National photo ID card or passport (non-Ghanaian)
  • Pro-forma invoice
  • Completed application form
  • Completed Import Declaration Form (IDF)
  • Formal letter from customer 
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Need more help?

Call:

Tel: +233 (30) 2429150
Toll free: 0800 222333

Email:

service.excellence@barclays.com

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