DOCUMENTARY LETTER OF CREDIT –
A DOCUMENTARY LETTER OF CREDIT IS A GUARANTEE THAT PROVIDES ASSURANCE TO THE BENEFICIARY THAT HE WILL GET THE PAYMENT WHICH HAS BEEN MENTIONED IN THE DOCUMENTARY LETTER OF CREDIT. THERE IS A CONDITION THAT THE COMPLIANT PRESENTATION SHOULD BE UNDER THE DOCUMENTARY LETTER OF CREDIT. THIS DOCUMENTARY LETTER OF CREDIT IS COMMONLY USED FOR INTERNATIONAL TRANSACTIONS WHERE BOTH THE BUYER AND THE SUPPLIER HAVE A NEW RELATIONSHIP AND OPERATE FROM DIFFERENT COUNTRIES.
STANDBY LETTER OF CREDIT –
A GUARANTEE ISSUED BY A BANK OR A FINANCIAL INSTITUTION TO PAY A BENEFICIARY ON A CLIENT’S BEHALF IN A SITUATION WHERE THE APPLICANT DEFAULTS, IS KNOWN AS A STANDBY LETTER OF CREDIT.
PERFORMANCE GUARANTEE AND ADVANCE PAYMENT GUARANTEE –
A PROMISE MADE BY THE BANK FOR MEETING THE LIABILITIES OF A DEBTOR WHEN A PERSON FAILS TO FULFILL HIS CONTRACTUAL OBLIGATIONS.
DOCUMENTARY COLLECTION –
WE PROVIDE DOCUMENTARY COLLECTIONS TO ALL OUR VALUED CLIENTS. THESE INCLUDE AS BELOW:
IMPORT COLLECTION IS THE COLLECTING INSTITUTION WHEREAS EXPORT COLLECTION IS THE PRESENTING INSTITUTION. WE DELIVER OUR SERVICES TO ALL OUR VALUED CLIENTS SITUATED GLOBALLY. THESE SERVICES ARE TAILOR MADE AS PER THEIR REQUIREMENTS.
