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Documentary Credits
Documentary credits enable importers and exporters to mitigate the risks of non-payment and non-performance as stipulated in a contract of sale.
Documentary credits enable importers and exporters to mitigate the risks of non-payment and non-performance as stipulated in a contract of sale.
Top Features
- Security – payment is guaranteed by a bank, provided that all the terms and conditions of the documentary credit are met; and
- Greater control – terms and conditions facilitate the control of quality, quantity and time of shipment.
Benefits
- Protection – documentary credits offer protection to both you and the seller; and
- Improves cash flow – they facilitate trade finance opportunities.
