Documentary Credit

Documentary Credit

international Payment Method

An international payment method in which Banco Interatlântico, through a letter of credit, commits to paying, accepting, or negotiating a transaction, provided the beneficiary presents the required documents and the terms and conditions set by the ordering party are fully met.

Characteristics

Target market

Companies and individual business owners to guarantee import operations.

Main Features

  • It guarantees total security in international transactions between companies;
  • Banco Interatlântico, by issuing documentary credits, assumes full responsibility for the respective payment, provided the required documents comply with the conditions stipulated in the contract;
  • It allows companies to offer payment guarantees in international transactions;
  • It ensures compliance with the credit terms and conditions of clients abroad.

Required Documentation

  • Proforma Invoice;
  • External Trade Title (ETT);
  • Cargo Insurance Policy in favor of Banco Interatlântico, whether by the client or the exporter, according to the contract between the parties.

Advantages

  • Security, reliability, and guarantee of the integrity of the transaction for both parties;
  • Ease of Financing – there is documentation proving the sale, facilitating bank financing;
  • For the importer, there is a guarantee to make payment only against presentation of the required documents;
  • For the exporter, there is a guarantee of full payment on the agreed date, provided the documents are in accordance with the terms of the letter of credit.