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

Letters of Credit

Letters of credit are conditional payment undertakings of the buyer's bank to the supplier, with or without (In-House) the intermediation of the supplier's bank. Usually, the supplier receives the letter of credit prior to production or shipment of the merchandise. The supplier is paid upon submitting credit conform documentation in accordance with the terms of the letter of credit.

Letters of credit, (“LCs”), have several types such as revocable- and irrevocable LCs, payable at sight or usance LCs, with or without advance payment clauses and with or without the confirmation of the advising bank, revolving and/or transferable.

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