Beneficiaries of a Letter of Credit can request us to confirm their Letter of Credit. Through the confirmation, they obtain our guarantee of payment for documents presented in compliance with the Letter of Credit.
As an exporter, you need to consider your credit risk of your foreign buyer. Business practices and conditions in foreign markets are beyond your control and it is not always practical, or possible, to request advance payments for your goods/services.
We can help you manage these concerns with the product that ensures the collecting bank will only release key documents to the importer after payment made or terms accepted.