Ahli Bank’s L/C’s and L/G’s

• What are L/C’s and L/G’s?
• When to use L/C’s and L/G’s?
• What are the benefits of using Ahli Bank’s L/C’s and L/G’s?

What are L/C’s and L/G’s?
Letter of Credit (LC) is a financial document issued by a bank at the request of the consignee guaranteeing payment to the shipper for cargo if certain terms and conditions are fulfilled. Normally, the letter of credit contains a brief description of the goods, documents required, a shipping date, and an expiration date after which payment will not longer be made.

Letter of Guarantee (LG) is a written undertaking issued by the guarantor (the bank) at the request of the applicant (one party of an commercial deal, or one part of a contractual or economic relationship) to the beneficiary (the other part), guaranteeing the fulfillment of certain economic obligations under the deal or the contract signed between the applicant and the beneficiary. The Letter must clearly specify the amount and the valid period of the guarantee.

When to use a L/Cs and L/G’s?
If you are a merchant that exports and imports goods on regular basis LCs are your choice to insure secure delivery and insurance against fraud, or if you are contractor who wishes to enter a bid you sure need to apply for bid bond LG.

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• Ahli Bank offers you LG’s in many versions and tastes including but not limited to Tender guarantee, Performance guarantee, Advance Payment guarantee, and maintenance guarantee etc.



• Ahli Bank also supports all kinds of LC’s including onsite and delayed payment.



• Ahli Bank offers competitive pricing for the issuance LC’s and LG’s.

To apply

• Please visit any of our branches in Jordan or abroad, and one of our Customer Service Representatives will be glad to assist you in filling an application form. Please click on tell me more to locate the branch nearest to you.



• For more information, please call our "Ahli Ahlan" Call Center and our Customer Service Representatives ( toll free line 080022777 or + 9626-500-7777) will be happy to assist you between 8:00 AM until 3:30 PM Sunday through Thursday. We look forward to your call, and to serving you in the best way possible.

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