Letter of Credit Financing
A written instrument issued by a bank at the request of its customer, the Importer (Applicant), whereby the bank promises to pay the Exporter (Beneficiary) for goods or services provided the Exporter presents all documents required, exactly as stipulated in the Letter of Credit, and meets all other terms and conditions set out in the Letter of Credit. Also referred to as a Documentary Credit.
What We Can Do For You
1.Credit repayment period - 90 days to 5 years.
2.Financing of up to 100 % of l/c amount.
3.Seat of the issuing bank shall be located in a non-marketable risk country.
4.Accept the amount in your letter of credit from 300 thousand dollars to 50 million dollars.
5.Charge for service is charged at a daily rate of 2.7per ten thousand.
6.Our company’s business scope cover more than 118 countries and almost 12000 banks in the world, Not only in the developed countries , but also in the developing countries such as Nigeria, Saudi Arabia, Pakistan, Bangladesh, etc.
The Advantages of Hikingic Financing
Enables transactions in the markets of higher risk.
Enables adding confirmation to letters of credit from the countries of non-marketable risk.
Provides deferred payment terms for Importers.
Exporters become independent of contracting parties risk.