Letters of Credit help reduce the various risks that come with local and international trade. We support you by guaranteeing payment to your supplier if specified terms are met.
Payment is guaranteed by the issuing bank to the confirming bank, as long as compliant documents are presented.
Risks usually encountered by the buyer are mitigated.
Allows for multiple/continuous shipments as long as quality of products and price are guaranteed by an independent pre-shipment inspection company.
Allows access to other products e.g. pre-shipment finance and structured finance.
Ensures delivery is done within schedule and payment.
