OFAC · UN · EU · UK sanctions screenedZero-retention AIGDPR · CCPA program
BRENT100.21+0.71|WTI96.60+0.25|DUBAI98.21|ULSD158.42+2.01|MOGAS140.76+3.18|HH3.02-0.14|VLSFO832.00-5.50|MGO1265.50-14.50|JET A-1176.02-0.08|LPG35.41-0.29|BR-WTI3.61|BR-DB2.00|USGC TO NW EUROPE+2.10/bbl|WAF TO ASIA→PACIFIC+1.60/bbl|USD/PKR280.10|USD/AED3.67|
All terms

Payment instruments

DLC

Documentary Letter of Credit — same as LC, emphasising the document-presentation mechanic.

A Documentary Letter of Credit (DLC) is synonymous with an LC in oil-trade usage. The "documentary" adjective highlights the payment mechanic: the bank pays on documents (Bill of Lading, SGS certificate, etc.), not on physical inspection of the cargo.

Scam-circuit note: "DLC MT700 pre-advice" requests before any inspection or tank receipt are a red flag. Legitimate LCs are opened against an SPA, not before.

Related: LC, MT700, SBLC.

See also

lcmt700sblc

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