Letters of Credit

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

PASHA Bank offers its customers various types of LCs. The Bank issues LC both within its own capabilities and within the cooperation of the world well known 1st class banks. Bank personnel provide complete consulting support in information about LC and selection of LC type depending on the customer needs.

In addition to LC for international trade operations, PASHA Bank also offers Trade financing services.

Import Transactions

It is a type of payment whereby the cost of goods to be imported is paid prior to the delivery of the goods. The exporter delivers the goods upon receipt of the due amount.

It is the type of import in which the cost of the exported goods is transferred following customs clearance procedure.

It is the type of service where the documents pertaining to the receipt of the goods exported by the company abroad are delivered to the local buyer by our bank via the advising bank on condition that the cost of the goods are paid.

It is the type of import in which the bank of the importer pledges to make payment to the exporter company based on the documents of the goods and services that have been detailed. It allows the exporter to load the goods on time in full. Otherwise the bank of the seller shall not make any payment.

It is a foreign trade method in which the importer company receives the goods and makes payment on a date agreed upon with the seller and as specified in the policy.

Export Transactions

It is the type of transaction in which companies collect the cost of the goods and services to be exported before the export transaction takes place.

It is the type of service where the documents pertaining to the receipt of the goods shipped to another country by the exporter company are delivered to the buyer through our bank via the advising bank on condition that the cost of the goods are paid.

It is a foreign trade method in which the exporter ships the goods, sends the relevant documents directly to the buyer, and collects the associated cost following customs clearance procedure.

It is a type of export transaction in which the exporter company ships the goods and makes collection on a date agreed upon with the buyer and as specified in the policy.

It is the type of export in which the bank of the importer pledges to make payment to the exporter company based on the documents of the goods and services that have been detailed.