In today’s global marketplace, you want a reliable banking point of contact to help you facilitate trade and grow your overseas markets. Trust Florida Community Bank, N.A. to understand your unique trade finance challenges and to provide the guidance and services you need. FCB has the experience, technology and financial strength to successfully support and facilitate overseas sales and purchases for businesses of all sizes from small to multi-nationals of all sizes.
An Import Letter of Credit can help you avoid some of the inherent risks of prepaying for goods to an exporter. It allows you to set the documentary terms and conditions the supplier must meet in order to be paid. It also provides an irrevocable undertaking from a financial institution to the supplier, providing them a level of comfort as well.
This may provide a method of reselling goods without using your source of credit or funds. Upon transferring, the supplier would be responsible for shipment and have control of payment upon complying with documentary terms and conditions. If credit is partially transferred, upon your fulfillment of conditions via documentary requirements you would also receive the portion due per the credit terms.
FCB will work closely with you to understand your unique needs and help you structure
the L/C details.
FCB can also provide guidance in the above processes, and can help you decide when these products would best suit your needs.
To learn more, please contact FCB Trade Finance Services at (954) 984-3359.
2500 Weston Road
Weston, FL 33331