Commercial / Corporate

Letters of Credit
Letters of Credit
Letters of Credit
Letters of Credit

It is a conditional bank guarantee that undertakes to give the exporter a certain amount of money, goods or services if predetermined documents showing that the goods have been loaded or the services have been performed are handed in within a definite time in accordance with the demand of the importer.

Letters of Credit
Letters of Credit
Letters of Credit
Letters of Credit

Advantages :

  • Letter of credit, which is widely used as an instrument of payment and guarantee in the international trade, is a transaction that protects both the importer and the exporter.
  • The exporter is guaranteed to receive the payment after delivering the goods if they hand in the documents in compliance with the conditions of the letter of credit.
  • The importer has the guarantee that the exporter will not be paid until the delivery is completed and will only be paid after they hand in the relevant documents.