GarantiBank International N.V.


	Basic Products


	Bill of Lading Financing Invoice Financing Warehouse/Distribution Financing FCR Financing Freight Financing Pre-Shipment Financing Position Financing Letters of Credit Import Letters of Credit Export Letters of Credit Stand-by Letters of Credit Documentary Collections Guarantees Payment Guarantees Bonds Non-Bank Financials Institutions Overdraft/Working Capital

Import Letters of Credit

On the basis of a credit relationship between the client and GarantiBank International NV, the client may instruct GarantiBank International NV to issue a letter of credit in favour of the supplier. Such letters of credit are referred to by GarantiBank International NV as “Import LCs”. With its wide correspondent bank network, GarantiBank International NV is able to issue a variety of import LCs at attractive terms. Or instead, such import LC may also be issued directly to the supplier (“In-House LCs”) without the intermediation of a correspondent bank. In this case, payments under the LC and resolution of the discrepancies are faster.

By issuing an irrevocable LC, GarantiBank International NV's client (i.e. buyer) secures a pre-agreed price for the merchandise, to be paid if and when credit conform documentation as per the LC terms and conditions is presented by the supplier.

Trade & Commodity Finance Teams together with Documentary Credits experts of GarantiBank International NV are not only providing straight-forward Import LC services but also mobilizing fast, accurate and tailor-made banking solutions built in and around such Import LCs.