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Documentary Credit
 
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Documentary Credit
Stand-by Letter of Credit
International Bank Guarantees
Documentary Credit

We recommend the documentary credit as the safest payment and guarantee method to protect you against different types of risks (commercial, financial or political) that may occur during import-export transactions. It is beneficial for both parties: importers and exporters.

As an importer, this bank instrument guarantees that the goods and services delivered to you comply with the terms and conditions of the documentary credit.
As an exporter, you have a bank commitment that you will be paid for the delivered goods / services , provided you supply documents in conformity with the documentary credit requests.

Chose the documentary credit that best suits your business or contact a BRD client consultant for professional advise.

You can choose:
  • Irrevocable documentary credit:
    - gives you protection against commercial risks
  • Confirmed irrevocable documentary credit:
    - gives you protection against commercial risks and in addition, protection against the issuing bank insolvency: political and transfer risks, should the confirming bank be located in a different country
Depending on the contract terms ,you can choose the appropriate type of letter of credit available by:
  • payment at sight
  • deffered payment
  • acceptance
  • negotiation

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