What documents do I need to open a documentary credit for imports? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What documents do I need to open a documentary credit for imports?

Asked by Banky team 2 months ago 1 views
Banky team Reviewed editorial answer

The company is required to submit:

  • An application to open a documentary credit

  • The proforma invoice

  • The import card

  • Form 4 (for arranging the foreign currency)

  • An insurance policy covering the goods against transport risks

  • The import approval, where one exists for certain restricted goods

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