TRADE

If you are looking to trade safely, our in-house specialist and trade products can assist you.

Are you looking to make your trading relationship more secure?

Documentary Credits offer protection against non-payment from abroad, legal issues and financial risk that can affect a company’s working capital.

By choosing to trade via Documentary Credit you will have the reassurance of a secure, globally recognised method of settling overseas trade.

 

Are you looking to settle payments for your exports and imports via a recognised secure method?

In a Documentary Collection, instead of the seller sending documents directly to the buyer they will send them via the banking system. These documents will be held by the bank until payment is received from the buyer.

This will increase the likelihood of payment for the seller and it will provide some assurance to the buyer.

 Are you being requested by a new trading counterparty to provide assurance that you too will meet you contractual obligations?

Demand Guarantees, will provide you with assurance that you can meet your contractual obligations and enable you to demonstrate your financial credibility.

Some of the Demand Guarantees we offer are:

  • Tender Guarantees (Bid Bonds)
  • Performance Guarantees
  • Custom Bonds
  • Advance Payment Guarantees
  • Retention Money Guarantees
  • Standby Letter of Credit (SBLC) - Alternative to a Guarantee in some countries

 

For more information book a meeting with our Trade Specialist.

Kiara Richardson

+350 20013963

+350 56002833

kiara.richardson@gibintbank.gi