It is usually seen as a form of short-term financing. The main instruments used to finance this aspect of international trade are letters of credit, bank guarantees, etc.
Bank GPB International S.A. is able to issue Import Letters of Credit or Guarantees and offer a credit line to importers of goods and/or services to cover their payment obligations, subject to credit approval.
A Deferred Payment Letter of Credit can also be used as a convenient way of obtaining “post-import” financing: the exporter receives the sale proceeds upon shipment of the goods, while the importer pays at a later date.
The bank is able to provide its clients with tailor made solutions that use various trade finance instruments to facilitate their imports.