Soleil Documentary Letter of Credit For the Import of Organic Raw Cotton

NEW YORK, NEW YORK – 1/23/2017 — Soleil Chartered Bank (SCB) issued Documentary Letter of Credit (DLC) on behalf of Bangladesh based company seeking to import raw cotton.  The instrument was successfully delivered to the beneficiary bank in Turkey.  The DLC was used to deliver organic raw cotton to final port in Bangladesh with total value of shipment being USD 1,129,867.75.    

The above is one of the transactions Soleil Chartered Bank has completed this year involving trade between Turkey and Bangladesh. 

According to the USDA Foreign Agricultural Service GAIN Report “the Turkish textile industry continues to be the one of the leading sectors in the Turkish economy providing 17.5 percent of total exports in 2014.”

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Company Name: Soleil Chartered Bank/ Registered In Union of Comoros
Contact Person: SCB Representative
Phone: + 1 646 415 8261
Country: United States