Letters of credit
- Main
- For small and medium business
- Documentary operations
- Letters of credit
In business it’s difficult fully to avoid mutual risks. In the case of seller, its risk is formed from non-payment by the buyer of the goods. At the same time, a buyer risk could be a non-provision of goods or substandard services.
That is why for the transaction often involves a third party on behalf of the bank, which can guarantee full compliance in respect to the agreement.
Eurobank* suggests becoming your mediator due to which you will surely be able to minimize the risks; no matter you are supplier or buyer.
Why letters to credit can interest a supplier?
- Guarantee payment.
According to a contract, payment is guaranteed not by a buyer, but bank, even in the case of buyer insolvency; - Operational payment.
Payment is held immediately after receiving the bank documents that match the letter of credit; - Minimization of risks.
Reducing the likelihood of trade risk, rejection of acceptance of goods, payment for already delivered goods; - Buyer can not make changes to the agreement, without agreeing in advance to the seller.
What is the benefit to the buyer?
- Payment is made just after the bank check required documents and receiving the goods;
- If the delivery is taken partly, the buyer pays for the part of the batch, which has already been provided.
Every client of Eurobank has a choice of comfort method of connection with us:
- To ask the bank manager;
- To arrange a meeting with the bank manager in convenient time for you;
- To arrange a call back of the bank manager;
- To get Online-consultation of bank employee.
Also, our specialists are ready to answer all your questions by phone: (38 044) 585 43 00 (from 9.00 till 19.00, except for St, Sun.).
