About the documentary letter of credit
A letter of credit is a reliable international trade instrument in which the bank acts as an intermediary between the buyer and the seller. The buyer’s bank guarantees the seller that payment will be made as soon as all terms of the agreement are met.
Benefits of use
Transaction security
Minimisation of financial risks
Global trade without borders
Payment assured upon fulfilment of terms
Guarantee terms
Currency | UAH, USD, EUR |
Opening a letter of credit | 1% or 3% annually |
Confirmation of the guarantee by an international bank | From 1% annually |
Processing and acceptance of a demand for payment under the guarantee | UAH 850 |
Notification of the guarantee | UAH 850 |
Letter of credit
1
Contract
2
Letter of credit application (agreement)
3
Letter of credit
4
Advising the letter of credit
5
Shipment of goods
6
Presentation of documents under the letter of credit
7
Payment under the letter of credit upon proper document presentation
8
Document transfer