Letters of credit
At your request and for your account, in accordance with the received instructions, we open letters of credit based on deposited funds or with postponed cash cover (at the latest 5 days before maturity date )
Our obligations are to open:
With opening of L/C we perform three basic functions:
Having correspondence relationships with extended network of banks, and with specialised and experienced employees, we can offer following services:
We also provide service referring to the collection of documents entrusted for payment, intermediation regarding collecting of funds, as well as sending documents for payment. Those are usually commercial, but also financial documents. Within that scope we are offering consulting services connected with the work with international bills of exchange, their filling in, accepting etc
Advantage of documentary collections:
We also perform deals which refer to the reception of documents entrusted for payment, intermediation regarding collecting of money, as well as sending documents for payment. Those are usually commercial, but also financial documents. With that scope we are offering you consulting services connected with the work with international bills of exchange, their fulfilling, accepting etc.
tel: 201-13-71 i 201-13-77
Within our scope of business we issue and advise all types of bank’s guarantees:
1. Payment guarantees
2. Performance guarantees
Elements of guarantees and standard models of guarantee forms are taken from the publication URDG, ICC 458, but are adjusted to the concrete requests and necessities of the participants in the commercial affair and in accordance with our business politics.
Working with loro guarantees we are offering following services:
1. Advising of guarantees according to the instructions of the Issuing bank,
2. Checking of the conformity of guarantee content, received through the BANK by SWIFT or directly by the beneficiary of the guarantee.
3. Consulting in preparing of the claims and sending of the claims (request for payment) under loro guarantees.