Letters Of Credit

Letters of Credit

When importing capital equipment, foreign suppliers often request up-front payments or letters of credit. Wherever possible 'cash' payments should be avoided and letters of credit utilised. A letter of credit is a guarantee from the purchaser's bank (financier) to the manufacturer's bank, that subject to the agreed terms, payment will be made. While letters of credit may be daunting for some, Interlease specialises in structuring letters of credit without the need of property security or debenture charges.

For more information, read our Guide to Finance

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