Export goods with complete peace of mind as you guarantee receipt of payment from your buyer. Make sure you present the documents according to pre-agreed conditions.
An export documentary credit is a form of payment for foreign trade in which the buyer's bank commits to pay the seller against documents specified in the terms and conditions of the documentary credit.
The exporter sends the buyer a pro-forma invoice, detailing the terms and conditions of the transaction. This invoice should normally include:
On receipt of the documentary credit, the exporter finalises the trade transaction and, through his bank, provides the buyer's bank with the supporting documents.