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The Letters Of Credit Finance Your Imports And Exports Safely

The letters of credit finance your imports and exports safely

The letters of credit finance your imports and exports safely

Internationally, you are often faced with the impossibility of financing your projects Export.

There is a solution: the documentary credit also called Letters of Credit or L/C.

The principle: The banker of the seller and the banker of the buyer will be responsible for ensuring the good purpose of the transaction by:

  1. Examining the conformity of the requested documents relative to the operation,
  2. Verifying the compatibility of documents between them,
  3. Checking that the dates are respected.

If the 3 previous points are fulfilled, then both bankers will proceed to the payment irrevocably.

If the documentary credit is used for approximately 70% of international operations worldwide, very few entrepreneurs are aware of the possibility pre-financing that bankers can offer you;

Indeed, the bankers controlling the operation from A to Z can pre-finance the exporter between 60 and 80%.

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