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Letters of credits

Letters of credits

Thanks to the guarantee represented for the importer/exporter by the banks' participation in processing, this is the safest means of payment against risk.

  • Protect you in front of the commercial risk.
  • If are exporter, will suppose you a high security in the payments and punctuality in the charge.
  • If are importer, this product you offers security on the date and conditions of delivery of the merchandise.

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The means of payment that you offers more protection in front of the commercialrisk, for the guarantee that supposes for the importer/exporter the intervention of the banks in your processing.

Letters of credit can be classified by:

  • Irrevocable: Depending on whether or not the issuer needs the consent of the parties for loan modification or cancellation.
  • Confirmed or unconfirmed : Depending on whether or not there is a confirming company.
  • Transferable or nontransferable: Depending on whether or not the payee can transfer its lending position to a third party.