
BBI bank is issuing letter of credit upon request of its client (importer-purchaser), whereby it undertakes to pay the value of presented documents to the letter of credit beneficiary (exporter-seller), if they are in accordance with conditions referred to in the letter of credit.
Documentary letter of credit, as the most credible and correct instrument of payment in international commerce, is protecting the importer and exporter in the transaction to the same extent. It completely eliminates the risk of non-performance of liabilities in international commerce and provides a complete and timely payment and delivery of goods.