Geneva, 24th June, 2015
Following a note of the Central Bank of Libya, the Governor of the Central Bank of Libya has published a new resolution n°96 dated 10th of May 2015 regulating the use of foreign exchange for opening documentary letters of credit (L/C).
Based on this resolution and with immediate effect, all goods imported into Libya require a Certificate of Inspection issued by an international inspection company such as Cotecna, in order to be financed through a documentary L/C from a commercial bank.
This law also states that all banks operating letters of credit for the import of goods must inform the Central Bank of Libya of any failure by their customers to comply with Resolution n°96 of 2015 within the specified time limit.
The official letter of this announcement, in Arabic and in English, is available for download in the sidebar for your kind referral.
Upon a physical inspection of your shipment, Cotecna will deliver a Certificate of Inspection allowing you to meet Libyan Authorities requirements and facilitate the entry of your goods into Libya.
All our team remains at your entire disposal, do not hesitate to contact us anytime for any question you may have regarding your exports to Libya by using our web form, or by email at [Reveal email address]. A personalized quote will be offered upon request.