<h3>LETTERS OF CREDIT</h3> <p>&nbsp;</p> <p>A letter of credit is a conditional bank credit guaranteeing that a price, goods or services will be provided to the importer when the documents guaranteeing the delivery of goods or services are submitted within a designated period. You can safely perform your international trade transactions with letters of credit.</p> <p>&nbsp;</p> <ul> <li>Regarded as a guaranteed payment instrument in international trade, the letter of credit is a commonly preferred method of payment which protects the exporter as well as the importer.</li> <li>The importer is protected because the payment will not be transferred to the other party before the delivery of goods or completion of services.</li> <li>Upon the delivery of goods or completion of services, the exporter can receive the payment by submitting the documents in compliance with the terms of the letter of credit.</li> </ul>