You are kindly requested to get informed with the standard financial instrument issuing procedure:
1You apply to our company through the application form or any way you choose.
2You provide us with the contract relevant between you and beneficiary (the seller-the supplier of product) or the corresponding commercial invoice.
3After provided documents examination we offer a suitable financial instrument (letter of credit, letter of guarantee).
4After financial instrument and its characteristics defining we conclude the contract.
5Basing on the documents provided by you and the instrument chosen we prepare a financial instrument Draft and give it to your approval.
6You coordinate the Draft with the beneficiary (the seller) and confirm it with the signature and stamp on the document.
7You are given invoice for the financial instrument issue commission payment.
8On the basis of the confirmed financial instrument Draft we issue it from the bank agreed with you in the beneficiary bank (the seller).
9After letter of credit acceptation the beneficiary bank (the seller) gives it to the beneficiary (the seller) who prepares the delivery documents, deliver goods and gives the documents to the bank issued the financial instrument.
10You issue the bill of exchange in our favour, quittance of the individual responsible and the Accept letter, in which you indicate that you are obliged to pay the sum of the issued financial instrument 5 days before the term agreed in the financial instrument. We send those documents in the bank which issued the financial instrument.
11You receive the goods by the delivery documents.
12You carry out the payment for the goods (buy bill of exchange, quittance).