At your request and for your account, in accordance with the received instructions, we open credentials on the base of given covering or with postponed giving of covering (no later than 5 days before due for payment towards exporter/seller)
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 you following services:
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.
In our dealings we issue and forward (vise) all types of bank’s guarantees:
1. Payable guarantees
2. Commitment guarantees
Elements of guarantee 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 basic commercial affair in accordance with our business politics.
Working with loro guarantees we are offering following services:
1. Forwarding of their guarantees according to the instructions of the guaranteeing bank,
2. Checking of the correctness of their (loro) guarantees sent through BANK Swift or directly to the user of the guarantee.
3. Consulting at making protest and sending of the protest (request for payment) according to loro guarantees.