Tallinn Business Bank operates with export and import documentary credits.
The Documentary Credit or letter of credit is an undertaking issued by a bank for the account of the buyer (the Applicant) or for its own account, to pay the Beneficiary the value of the Draft and/or documents provided that the terms and conditions of the Documentary Credit are complied with.
Tallinn Business Bank operates in accordance with ICC Uniform Customs and Practice for Documentary Credits (UCP 500) of the International Chamber of Commerce
Questions: ph. (372) 6688031