DJIBOUTI LETTER OF CREDIT

DJIBOUTI LC ISSUING BANK CONFIRMING BANK CHARGES

DJIBOUTI LETTER OF CREDIT CONFIRMATION FEE

For Djibouti, when an exporter has concluded a commercial export contract with a Djiboutian importer and the two parties do not know each other, the irrevocable and confirmed letter of credit is the most appropriate instrument to mitigate the risks.

The Djiboutian importer will ask the Djiboutian bank to issue a letter of credit for the benefit of the exporter who will have previously named the name of the notifying and confirming bank to be accepted by the exporter.

For Djibouti, the exporter must choose a confirming bank that has in its network of correspondents the Djiboutian bank that is proposed by the importer but also the one that has an acceptable credit rating so that there is no default of payment from the confirming bank.

A letter of credit issued in Djibouti is usually confirmed by a big number of banks which are prepared to take the risks of Djiboutian banks and make sure the beneficiary of the LC or exporter obtain his payment.

LIST OF DJIBOUTIAN BANKS ISSUING LETTERS OF CREDIT AND WHICH ARE ACCEPTED BY THE BANKS OF EXPORTERS

  • Banque de Dépôt et Crédit de Djibouti

  • Cooperative Agricultural and Credit Bank Djibouti

  • Exim Bank of Djibouti

  • International Commercial Bank Djibouti

  • Dahabshil Bank International Djibouti

  • Saba Islamic Bank

  • Salaam African Bank Djibouti

  • Shoura Bank Djibouti

CONFIRMING BANKS FOR LETTER OF CREDIT ISSUED THROUGH DJIBOUTIAN BANKS

Banks which are confirm the letters of credit issued in Djibouti by Djiboutian banks are: (please contact us to obtain the list or to be listed as confirming bank).

DJIBOUTI: CONFIRMATION FEE FOR LETTER OF CREDIT FROM A DJIBOUTIAN BANK

Confirmation charges and fees for letters of credit issued through Djiboutian banks can be obtained on demand by emailing: info@tradefinance.africa.

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