obtain the amount of money in instalments
and pay the bond liability of the third parties
A scheme of guarantee for business cooperation projects that can improve the trust to companies. Guarantee Bank enables a customer (debtor) to purchase goods, equipments or withdraw loans and expand business activities.
This facility is available in the form of bid bond, advanced payment bond, performance bond, payment bond, retention bond and maintenance bond.
L/C is a written statement issued by a bank on behalf of a customer, with export import orientation, individual businessman, middle class business, to obtain the amount of money in instalments and pay the bond liability of the third parties, under the certain terms and conditions.
Offered features :
Usance L/C
Term for Usance L/C is maximum 180 days as of B/L date and extendable.
Sight L/C
Term for Sight L/C is until a product/goods and documents thereof arrive at in the destination.
Benefits of L/C :
Importers/purchasers will obtain goods and pay at a fixed price under the given terms and conditions.
Exporters/purchasers will obtain the certain payment for the delivery of goods under the given terms and conditions.
Giving the feeling of safety to the exporters and importers in respect of their rights and obligations.
Requirements :
Complete documents, such as a loan term.
Giving guarantee in accordance with the conditions.
