A letter of credit is a promise by a bank on behalf of the buyer (customer/importer) to pay the seller (beneficiary/exporter) a specified sum in the agreed currency, provided that the seller submits the required documents by a predetermined deadline. The threat of the associated global risk factors while dealing in international transactions has made the worldwide importers and exporters using letters of credit services.
Also known as a payment guarantee letter, a letter of credit is one of the widely used legal trade finance instruments that has a vital role in building relationships and executing successful international transactions.
Advantages of our Letter of Credit services:
We at Axios Credit Bank take the hassle out of all your letters of credit requirements and provide you safe, reliable, and suitable documentary credit services as per your business requirements. From defining terms to the settlement of payments, our team of experienced financial advisors make sure on-time payment to the exporters. For an organized, and a comprehensive letter of credit services, you can trust us. We will not only guide global traders throughout the procedure but also make sure that the exporters get paid on-time. Contact us now!!!
We issue a letter of credit on the request of our client i.e importers who are willing to assure timely payments to their exporters up to a pre-described amount within a specified period. Now you can save your time and accelerate payment with reduced risks by using our customized bank credit letter services. Here is the procedure that you have to follow to apply for bank credit letter at Axios:
Our letter of credit services is specially customized and designed to cater to the needs of global traders who are lacking sufficient resources to import the goods or need to provide a payment guarantee to their overseas suppliers. Our documentary credit services provide you:
Our clients range from small traders to large corporations. We cater to their different documentation needs with our expertise and accumulated knowledge through the years. Contact us for tailored bank credit letter services and satisfy your exporters worldwide.