Jason Gavin

  REQUEST FOR YOUR MONETIZED BG/SBLC. Am a Provider for Lease/Purchase, Bank Guarantee(BG), StandBy Letter of Credit (SBLC) and other Financial instruments at reasonable prices. Issuance IS by top AA rated banks in USA, Europe and Middle East. Twitter: @JasonGa58390383 Web: http://jasongavinmandate.blogspot.com

REQUEST FOR YOUR MONETIZED BG/SBLC. Am a Provider for Lease/Purchase, Bank Guarantee(BG), StandBy Letter of Credit (SBLC) and other Financial instruments at reasonable prices. Issuance IS by top AA rated banks in USA, Europe and Middle East. Kindly reach out to me if you need any of the above services & or solutions. Kind Regards, Jason Gavin Telephone/WhatsApp: + 44 7452 390049 Twitter: @JasonGa58390383Web: 

REQUEST FOR YOUR MONETIZED BG/SBLC. Dear Sir/Ma, Am a Provider for lease/purchase, Bank Guarantee(BG), StandBy Letter of Credit (SBLC) and other financial instruments at reasonable prices.Issuance by top AA rated banks in USA, Europe or Middle East.  Kindly reach out to me if you need any of the above services & or solutions. Contact: Jason Gavin Email: jasongavin44@gmail.com Telephone/WhatsApp: + 44 7452 390049 Twitter: @JasonGa58390383

REQUEST FOR YOUR MONETIZED BG/SBLC. Am a Provider for Lease/Purchase, Bank Guarantee(BG), StandBy Letter of Credit (SBLC) and other Financial instruments at reasonable prices.Issuance IS by top AA rated banks in USA, Europe or Middle East. Kindly reach out to me if you need any of the above services & or solutions. Kind Regards, Jason Gavin Telephone/WhatsApp: + 44 7452 390049 Twitter: @JasonGa58390383Web: 

Additional Information on Letter of Credit:  A letter of Credit is an official document that is typically issued by the importer’s bank, but is only secure if you, as the exporter, meet all of its strict conditions and deadlines. Worryingly, over 75% of UK exporters who do their own Letter of Credit paperwork experience problems getting paid due to incorrect paperwork. Export Collection: What is Export Collection? Export Collection is payment method frequently used in international trade. This type of transaction is also known as Cash Against Documents (CAD), D/P for payments at sight or D/A – Documents against Acceptance, in simple terms it is where payment is due at a future date. How we can help. We are leaders in Export documentation preparation and can take the hassle out of your Letters of Credit for your business. Our team of experienced staff will use their strong relationships with all the major global banks to ensure that you receive payment on time for your exports. We d...

 Different Types of Letters of Credit: There are different types of LCs depending on the kind of business or transaction that is needed. In most cases, these secondary features are used to increase security and make the operation easier, faster, and more transparent. While there is a definite time and place of each type of LC, business should be aware that certain additions and clauses stipulated might increase the bank’s fee, or add some features that can cause future problems for one of the parties involved. Irrevocable: An Irrevocable Letter of Credit allows the buyer to cancel or amend the LC, provided that other parties agree. This can be used to trade additional goods that were not a part of the original LC inside the same shipment or to allow the exporter of products extra time to fulfil their obligation. Confirmed: A Confirmed Letter of Credit is used to further ensure the seller by adding more security. This addition stipulates that if the issuing bank from the buyer doesn...

Alternatives to Letter of Credit: There are several situations where a business is either unable to get access to a letter of credit, perhaps due to a low credit score, or, because the supplier or customer does not want to use aLetter of Credit to finance the transaction. Given that open account trade cover 80% of cross-border trade, businesses with good commercial relationships often won’t use Letter of Credits. Alternatives to Letter of Credits are often used to finance small purchases, perhaps those under $100k, given that they are significantly cheaper and faster to set up. Revolving Vendor Accounts: In cases where a business has a good trading history, as well as paying its vendors and suppliers in time, revolving vendor accounts can be used to extend payment terms. Using these tools, a business can order supplies, materials, and services in advance on credit. Once all the necessary materials are ordered, a business can forward them to end users or customers, paying the supplier b...

Letters of Credit Impact on Small and Medium Enterprises: Small or Medium Enterprises (SMEs) account for 99% of businesses in the UK. There were over 5.7 million SMEs active in 2018. Letters of Credit can help alleviate some of the cash flow constraints stemming from delayed and long payment terms from end customers. Large international companies are often culprits for late payments to SMEs, which can often put small companies at financial strain, or even out of business. What are the Benefits of Using a LC? Risk and trust are one of the major challenges when it comes to trade, be that domestic or international. The specificity and legal weight of Letters of Credit are a big advantage, given that they are accepted and acknowledged by 175 countries, reduce the risk of doing business overseas, and provide transparent collaboration between unknown parties. Finally, Letters of Credit provide better clarity on the transaction, as all of the goods or services supplied would be defined in det...

When deciding whether or not to request a LC, some considerations might include: The costs associated versus the risk of non-payment, as well as which party will incur these costs. Legal requirements and expertise required. Documentation needed (for proof of delivery, sending the goods across e.g. customs declaration and insurance documents). The supplier / customers creditworthiness. Overseas Business: International traders or wholesale producers of goods are the primary users of Letters of Credit. These types of company need to be certain that they will not suffer losses from selling to overseas buyers that they are unfamiliar with. In the unfortunate case that the recipient of the goods is unwilling or unable to pay the seller, the LC is activated, and under the terms of the agreement, the bank will be obliged to cover the missing payment. After the intermediary completes the payment, the bank will deal with the buyer according to the domestic law of the country where the buyer is l...

What about  Letters of Credit. Importers and exporters normally require intermediaries such as banks or alternative financiers to guarantee payment and also the delivery of goods. Cash advances or trade credits on open accounts are usually used after the buyer and seller develop a trusted relationship. Therefore trade finance structures are used to support these relationships. Letter of Credit: Some Guide. Relationships between buyers and sellers are based largely on trust. Regardless of whether you are a buyer, seller, or end user of a product or service, being certain about the intentions of the other parties, and having security that they will honour their part of the deal is critical when trading overseas. It’s often easier to have a relationship with your supplier if you’re trading domestically (within the same region), but what if your supplier is less well known, perhaps based overseas? Although around 80% of global trade occurs on open account terms (buy now, pay later), su...

  Standby Letter of Credit (SBLC) Vs. Bank Guarantee (BG): ‘Standby Letter of Credit vs Bank Guarantee’, which is a common confusion in the minds of many. A standby letter of credit and a bank guarantee are actually very similar products. As a matter of fact, if we go back and look at the origination of standby letter of credit, we may be able to understand the similarity better. Under the Glass-Steagall Act, passed by the US Congress in 1933, banks were not allowed to participate in investment banking activities. Consequently, they couldn’t issue a bank guarantee as well. As this was a lucrative business, they got around this act by forming their letters of credit as bank guarantees. They called this new product the standby letter of credit. From this, we can infer that the standby letter of credit is actually a hybrid version of a bank guarantee. There are many similarities between the two products such as – Both serve similar purpose and intent to the prospective consumers of th...