Documentary credits
An irrevocable undertaking by the issuing bank to pay money to the seller provided the documents fully comply with the Letter of Credit (LC) Terms and Conditions.
The process deals only with documents, not with the goods.
Documentary collections
Ahlibank can act as an agent to receive the shipping documents from the exporter’s bank on collection.
Shipping guarantees
Ahlibank can issue guarantees in favour of the shipping companies to enable the importer to clear the consignments from the port in the absence of original shipping documents.