Documentary credits enable importers and exporters to mitigate the risks of non-payment and non-performance as stipulated in a contract of sale.
Security – payment is guaranteed by a bank, provided that all the terms and conditions of the documentary credit are met.
Greater control – terms and conditions facilitate the control of quality, quantity and time of shipment.
Protection – documentary credits offer protection to both you and the seller.
Improves cashflow – they facilitate trade finance opportunities.
Efficiency and security – they enable you to capture and manage all your trade transactions electronically through Nedbank.
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