LETTER OF CREDIT
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- - Two categories –
Sight and Usance depending on agreement between applicant and
beneficiary
- - Secured way of
buying/importing goods
- - Facilitates imports
- - Payment to be made
by bank only upon receipt of compliant document
-
- - Secured method of
international payment
- - Acts as payment
guarantee to the beneficiary
- - Documents handled by
the bank ensuring their legality
- - Ensures timely
delivery of goods by the supplier
IMPORT LOAN
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- - Bridges the gap
between payment for imported goods and receipt of funds through
subsequent sales
- - No missed business
opportunities due to inadequate cash flow
-
- - Gives buyer greater
flexibility and liquidity
- - Timely payments to
suppliers will enhance your business reputation
