Imports

• One of the most popular methods for settling international trade transactions

   

  Documentary credits are one of the most popular methods for settling international trade transactions because they are honored throughout the banking system and offer security to both buyer and seller. The seller wants security of payment; the buyer wants an assurance that payment will be made only after dispatch of the specified goods.

• Documentary credits can be tailored to your business needs

   

  Each documentary credit can be tailored to your requirements governing shipping, delivery, insurance and quality inspection.

• Providing security for your supplier

   

  Since payment is guaranteed by HSBC Bank Armenia, trading on documentary credit terms provides security for your supplier giving you additional leverage to negotiate more favorable pricing and longer payment terms.

• Opportunities to organize your import transactions efficiently

   

  While using import documentary credits you will have opportunities to finance your transactions efficiently through exercising deferred payment documentary credit options, where you will be able to pay after receipt of the goods, and short-term trade loans for buyers.

• Expand your business in new markets

   

  Payment under import documentary credit will only be made if your supplier has complied with all the terms and conditions prescribed in the documentary credit. As a result, a documentary credit can help you expand your business and deal with new business partners in new markets.

• Providing flexible financing opportunities for your exporter

   

  With import documentary credit the exporter’s bank can make payment to the supplier without having to draw down on supplier’s credit facilities or pledging security with the bank.

Documentary credits are handled in accordance with the rules published by the International Chamber of Commerce (ICC).