Letters of Credit
Letters of Credit are among the most secure methods of settlement, and are internationally recognised. BOB offers this solution to make trading easier for you and your business, whether it’s buying overseas and securing the goods before you pay or selling your product abroad and ensuring payment.
- Credit terms and currency of payment may be negotiated
- Credit may be confirmed by a bank in the exporter’s country
- Known payment date and revenue
- Provides for immediate (on sight) or deferred payment (for example, 30, 60, 90 days or more)
- Safe, reliable trade mechanism