Import

These are some of the benefits of documentary credit for importers:

• No obligation to pay unless all the conditions of the documentary credit are fulfilled.
• Using documentary credits with extended credit terms may be an alternative to traditional forms of bank finance such as overdrafts.
• A possible discount from the exporter because of secure and fast payment.
• Multiple payments can be made under a documentary credit.
• Your credit reputation is enhanced by providing suppliers with documentary credits.
• Improved security for prompt shipment of goods.