International Trade Service

An export letter of credit is an instrument issued by a foreign bank on behalf of its importing customer favoring an exporter who is customer of Tsedey Bank.

Under this mode of payment customers shipped the agreed up on goods to the buyer and present shipping documents along with covering letter to the bank for collection of payment.

This is the most preferred payment method for the goods Exporter. The supplier receives cash in advance from the buyer before goods are shipped.

The consignment sales are applicable to the perishable items such as fruits, cut flowers, meat, live animals, molasses and others in accordance to the list provided by NBE,.