An Export Letter of Credit makes doing business globally easier and more secure. When dealing with an unknown buyer or a buyer in a new or emerging market, an Export Letter of Credit provides a high level of assurance to an exporter that he or she will be paid for goods and services provided to a buyer.
An Export Letter of Credit enables an exporter to substitute its buyer’s credit with that of the buyer's bank, providing a higher level of assurance that payment will be received, while protecting the title to their goods.
GTBank Liberia can also arrange Export Letter of Credit confirmations for greater assurance of payment, should you have concerns regarding the performance of your buyer’s bank or the stability of your buyer’s country. By adding its confirmation to your Letter of Credit, GTBank adds its assurance of payment or acceptance to the Letter of Credit.