Soleil Bank Documentary Letter of Credit Completes Textile Transaction

NEW YORK, NEW YORK – 12/20/2016 — Soleil Chartered Bank (SCB) issued Documentary Letter of Credit (DLC) on behalf of U.S.A based company seeking to import T-Shirts.  The instrument was successfully delivered to the beneficiary bank in Dhaka Bangladesh.  The DLC was used to deliver cotton shirts to final port in New Jersey, USA with total value of shipment being USD 199,999.00.  

The above is one of many transactions Soleil Chartered Bank has completed this year involving trade between garment manufactures in Bangladesh and the United States. 

According to the Office of the United States Trade Representative the three largest import categories from Bangladesh were of woven apparel, knit apparel and miscellaneous textile products.  In 2013 a total of USD 5.4 billion goods were imported from Bangladesh to the United States.  

Distributed by Soleil Chartered Bank

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