The key to the successful operation of any exporter is the tight management of payment cycles. However, with so many different sets of regulations being enforced in the world, the management and processing of payment cycles and its associated documentation is invariably complicated and problematic.

Rectifying discrepancies or settling disputes can result in delayed or even non-payment of goods. Tracking the status of transactions is time-consuming and complex. And chances are you will not only be dealing with your end-buyer, but also with a number of different banks- each with their own service standards, charges and systems.

CRDB Bank PLC Export Letter of Credit service will handle all aspects of negotiating and receiving payment on your behalf. If required, we will indemnify you against non-payment of goods, provided you have complied with the terms of the Letter of Credit.

Through our online information systems and relationships with long - standing international banks, CRDB Bank may:

- Advise and negotiate terms for you.
- Check all paperwork and documentation.
- Structure the Export Letter of Credit to your precise requirements.
- Make payments on your behalf.
- Confirm your buyer's Letter of Credit, thus indemnifying you against non-payment.
- Inform you of the status of your Letters of Credit at any time.
- Provide credit facilities and documentation collection services.

For more details on this product, please contact your nearest CRDB Bank branch Tel +255 22 2117442-7
Or
Manager- Trade Finance
Tel +255 22 2115495
Email: tradefinance@crdbbank.com