Can I pay with a letter of credit (L/C)?

Yes, we accept a confirmed irrevocable L/C or L/C at sight as payment. Your bank will transfer the amount when we can prove that the vehicles you have purchased have been shipped. This method offers you even greater security.

This makes it easier to do business, because all the original shipping documents will be send directly to you when goods are being loaded on the vessel and you pay them within 30 days after shipping date. And we have a guarantee of payment. Should you have any questions, please don’t hesitate to contact us. We are willing to provide you with an information document and exchange ideas to come to a construction we both can agree with concerning payment and delivery.

After opening the LC, please send us directly a copy, so we can immediately check the conditions mentioned. This will be completed by our Rabobank to get a confirmed irrevocable L/C. Please let us know which vehicle(s) you prefer?

What is a letter of credit? (LC)

The simple explanation is that a letter of credit is a promise to pay. A bank issues letters of credit as a way to ensure sellers that they will get paid as long as they do what they've agreed to do.

Why do you chose Letter of Credit as a payment method?

The use of a letter of credit gives you certain advantages:

1. Assurance that goods will be delivered when payment will be done and vice versa.

2. Assurance that no payment will be made until the required documents are checked and agreed.

3. The opportunity to have extended or stretched out payment terms and interest that match accordingly.

4. The opportunity to have an arrangement in which a debt does not have to be repaid until sometime in the future. This is called deferred payment.

Which parties are all involved in the L/C?

1. The applicant: The person who opens the credit. In this case, you, the buyer of a vehicle.

2. The Issuing bank: The bank where the credit is opened and that promises to pay.

3. The beneficiary: The seller or ultimate recipient of funds.  In this case, us, where you buy the vehicle.

4. The confirming and advising bank: The Rabobank, that checks and uses the letter of credit.