Import Letter of Credit
GUARANTEE PAYMENT. EXPEDITE SHIPMENT.
For importers looking for new suppliers, one of the primary considerations when deciding on payment terms is to ensure that the goods supplied are the goods ordered. With an Import Letter of Credit, importers request that their bank guarantee payment for the goods, provided that certain documentary conditions are met. A fast and secure method of guaranteeing payment to suppliers to expedite shipment from overseas, the Import Letter of Credit includes such features and benefits as:
- Variable Terms
- New products via access to foreign suppliers
- Ensures that buyer only be required to pay if conditions of credit are met
- Improved cash flow management
- Minimized financial risks to your business
- Eliminates extensive credit investigations by the seller of the importer
