Cover your risk related to the buyer by using Export Documentary Credits

Companies dealing with foreign trade facilitating export trade may face situations in which they are unable to evaluate buyer's payment ability . In these situations certain risks are related to the receivables. Even though the buyer would under normal circumstances be able to fulfil his payment obligations, political and economical instability may influence buyer's ability and willingness to pay. By using export documentary credits it is possible, however, to cover these risks.

By using unconfirmed documentary credit the payment obligation is on the buyer's bank instead of the buyer. Buyer's bank is committed to payment against the credit conform documents presented by the seller.

By confirming the documentary credit , Nordea adds its payment commitment covering risk on both buyer's bank and the country.

Read more about Export L/Cs benefits.