Documentary Operations

Letters of Credit (LC) are widely used in international practice for convenience of international trade transactions and elimination of possible risks.

There are risks of failure or refusal of one of the parties to fulfill its obligations to other party during the partnership at local and international level. The bank guarantee is widely used all over the world as a reliable protection of other party from financial losses.

In number of cases international trade operations require financing for a longer period in addition to payments by using Letters of Credit.