Ethiopia - Apply for a Standby Letter of Credit

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Procedure

Apply In-Person:

1. Standby letter of credit is available in the National Bank of Ethiopia contact link
2. Applicant has to enter all necessary information in the application form.
3. All documents that are needed for this procedure to complete are mentioned under “Required Documents” section of this page.
4. Applicant must carry both photocopies and originals of all those documents while applying for this procedure.
5. Attach photocopies of documents along with the application form (whichever is necessary).
6. Fee for this procedure has to be paid as per bank’s instructions.
7. If all necessary information is provided along with the needed documents, applicant can get their letter of credit within one month.
8. If the letter is not issued within a month, applicant can visit the bank to know status of their application.
   

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Required Documents

• Passport
• Passport sized photographs
• Letter of Invitation
• Letter of Introduction from organizations in which the applicant works
• Copy of Itinerary while on duty in Ethiopia
• Profession
• Visa Reference Number
• Letter from the media agency that is sponsoring for the applicant’s travel.
  

Office Locations & Contacts

Location: Addis Ababa
Address: National Bank of Ethiopia, Addis Ababa, Ethiopia
Contact No:+251115517438
Contact link
Location link

Eligibility

Standby letter of credit is necessary for confirming any standby amount in Ethiopia.

Fees

Fee for this procedure has to be paid as instructed in the bank.

Validity

Valid for 3 months

Documents to Use

Please attach some document links that might help.

Sample Documents

Please attach sample completed would help other people.

Processing Time

Processing time for this procedure is one month.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.gIn the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Applicant must be aware of all terms and conditions and laws in Ethiopia.
• Applicant must provide genuine information in the application form.
• Applicant must follow all information provided by concerned authorities.
  

Required Information

• Names
• Marital status
• Gender
• Passport details
• Date of Birth
• Place of Birth
• Nationality
• Country of Residence
• Contact information
• Current Immigration Status
  

Need for the Document

• This document is necessary for guaranteeing the payment issued by a bank on behalf of their client.
• These letters acts as a sign of good faith in business transactions and are a proof of buyer’s credit quality and repayment abilities.
  

Information which might help

• Letter of credit must state that the media agency is sponsoring for the traveling purposes of a journalist.
• Cost of obtaining a standby letter of credit is vaguely 4% of the total amount made annually.
  

Other uses of the Document/Certificate

Please explain what other uses of obtaining this document / certificate are.
e.g. Birth Certificate can be used as proof of identity.

External Links

National Bank of Ethiopia link

Others

More information which might help