Imports, Exports and Contracts Finance Consultant

02/09/2023

In summary, this is how we help businesses.
You will place your order with your overseas supplier of goods/products/materials/equipments and your overseas supplier sends you a proforma invoice or sales contracts.
We will then use the proforma invoice to draft a letter of credit on your behalf to your overseas supplier.

We check your credit worthiness and conduct due diligence on you. So we charge for the letter of credit😊

With the letter of credit, your supplier can supply you the goods/products without you paying for the goods in advance. You can even pay for the goods after the arrival of the shipment at the port. We have different types of letters of credit depending on what you want.

We prepare the letter of credit in conjunction with YOU & YOUR OVERSEAS SUPPLIER.

Therefore, your overseas supplier will be a party to the Letter of Credit.

We also have ways of financing exports and local contractors via our finance instruments

Trade Finance Specialist

02/09/2023

Trade Finance Specialist

02/09/2023

What is a Letter of Credit at Sight in International trades?

A Letter of Credit at Sight is a document that ensures payment of goods supplied by an exporter to an importer. The money for the goods is paid by the importer only when the exporter provides the LC at Sight and other required documentation. When all the conditions are satisfied, the payment is released by the importer to the exporter. There are three parties involved in a Sight LC: importer, exporter and the issuing bank e.g Euro Exim Bank.

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While an Usance Letter of Credit allows the importer to pay only after delivery of the goods within a pre-determined period of time and the importer is not required to pay to get the documentation of the goods, unlike with Sight Letter of Credits. Usance LCs can offer a payment grace period of 90 - 360 days.

If you are into imports and exports, for more information kindly email me:
[email protected]

02/09/2023