Large transactions can be a challenge, but they can also be vital for the success of your business. We offer financing tools to suit your needs. Letter of Credit (LC) is a popular payment tool in international trade. With LC you will be able to overcome the obstacles in international trade and protect the interests of all parties to large transactions.
It works in this way: the parties provide the documents required under the terms of LC, and the bank issues an LC upon instruction of payer in favor of payee for making a payment as per agreed amount and terms.
- Your money and your interests are protected.
- No payment is made until receipt of documents required under LC.
- Documents are checked by international standards.
- Lower risks in case of first-time contracts with new sellers.