• Certainty that the buyer will receive his/her/its money upon provision of regular documents
• Guarantee that the bank -issuer of the L/C - will pay, regardless of the buyer’s willingness
• The buyer cannot refuse payment under any pretext whatsoever
• Suitable for exporters, penetrating new markets with unknown to them trade partners
• Recommendable upon settlement with counter parties from countries of higher risk profile
• Amendments to the terms and conditions under the Letter of Credit cannot be made without the seller’s explicit consent
• UBB ensures confirmation of L/Cs, issued in your favour
• UBB adds its commitment for payment to that of the issuing bank, which provides you with double security. The confirmation is an independent commitment for payment by UBB.
• The export Letter of Credit may also be used as means of payment in the cases when sold goods are being delivered directly by a third party
• The L/C may be used as a credit instrument in the cases when there is a negotiated deferred payment for the shipped goods. In such cases UBB offers discounting of L/Cs.

Through discounting of receivables under an export L/C we enable you to:

• Cover your needs of financial resources over the deferred payment period
• Be sure that UBB is going to fully take the risk of the issuing bank and is going to discount up to 100% the amount of the confirmed payment
• Be rendered the service within a day