FinancingTrade financeLetter of credit

Letter of credit

Letter of Credit is an irrevocable obligation of the Bank to pay the letter of credit amount to the seller of the goods if the seller has fulfilled the conditions specified in the letter of credit and submitted to the Bank the documents confirming the fulfillment listed in the letter of credit. The uniqueness of letter of credit lies in the fact that not the buyer, but a neutral party (a bank) that assumes the obligation to pay the seller for the goods. Banks are obligated by law to be transparent in their activities and not to take too high risks, as a result of which the creditworthiness and liquidity of banks is considered to be higher than that of other companies.

Working with letters of credit TBB pank is guided by the publication No. 600 of the International Chamber of Commerce (edition 2007), the Uniform Customs and Practice for Documentary Credits» ( abbreviation UCP 600).

TBB pank carries out operations on export (bank`s client is the seller of the goods / services) and import (bank`s client is a buyer of goods / services) letters of credit

Irrevocable Documentary Credit Application

Irrevocable Documentary Credit amendment application

Customer support

Mon-Fri 09.00-17.00

Phone: +372 668 8066

Skype: +372 712 0503

*Outside office hours you can report your card lost by calling +372 668 8088

Important! Our branch office in Tallinn, on Vana-Viru 7 is temporarily closed until 31.12.2020

Contact us


This is the website of the financial service providers AS TBB pank, AS TBB liising, AS TBB Invest and Morgan Trade AS. Before entering into any agreement please read the terms of the financial service published on our website and, if necessary, consult bank officer, including the annual percentage rate of the loan product you are interested in.
Copying and use of text and graphic materials are allowed only with the consent of the copyright holders.

This website uses cookies. By continuing to open the pages of the site, or by selecting the “OK” button, you agree to the use of cookies. Read more