SERVICES OFFEREDDocumentary credits through Trade Finance Services have worldwide acceptability and can be issued via TELEX or SWIFT.
Commercial Letters of Credit
A commercial letter of credit is a direct payment method in which the issuing bank makes the payments to the beneficiary.
Confirmed Letter of Credit
Used when the issuing bank of the letter of credit may have questionable creditworthiness and the seller seeks to get a second guarantee to assure payment.
Standby Letter of Credit
Used as "payment of last resort" should the client fail to fulfill a contractual commitment with a third party.
Revolving Letters of Credit
Single L/C that covers multiple-shipments over a long period. Instead of arranging a new L/C for each separate shipment.
Advance Payment Guarantee
Advance Payment Guarantee advance payment bond issued to a contractual obligation alongside advance payment.
Performance Guarantee Bond
Performance Guarantee performance bond. A guarantee that clients will fulfil their contract obligations.
Hassle Free LC at Sight and Usance LCAn LC at sight is a letter of credit (LC) that is payable immediately
A 'sight' LC means that payment is made immediately to the beneficiary/seller/exporter upon presentation of the correct documents in the required time frame. A 'time' or 'date' LC will specify when payment will be made at a future date and upon presentation of the required documents.