Letter of credit

Ultimately important service

• To facilitate and settle international and local commercial transactions
• For coverage against diverse international transactions' risks
• As a universal tool that can be used worldwide, for all types and amounts of goods and services

Several commitments undertaken by SGBJ

• Letter of credit for import: guarantees to the supplier his payment within the predefined time frame and to the importer a maximum control over documents, deadlines, means of conveyance and channels used, etc.
• Letter of credit for export: secures exports by eliminating the financial risk of the importer.
• Stand By letter of credit: guarantees to the supplier the settlement of the specified payment amount in case the importer fails to fulfill the settlement obligations, particularly in the case of successive and renewed deliveries.
• Back to Back credit: is used when the Documentary Credit is not transferable, or when the first beneficiary fails to respect the purchase contract conditions.

Interested?

• Sign a request to initiate a Letter of Credit reflecting the commercial contract terms signed between the seller and the buyer (Letter of credit for import)
• Receive a notification of the credit opened in your favor (Letter of credit for export)