Letter of Credit
Wegagen issues letters of credit (L/C) for importing and exporting goods and services.
If you are in the trading business, Wegagen’s import Letter of Credit facility can help your trading business grow. Wegagen’s import Letter of Credit product is designed specifically for the import trading business and for those who import goods (raw material) for production. Based on your business and credit worthiness we only require a certain percentage of the document value paid upfront to open your Letter of Credit.
The L/C could be a one-time or a revolving facility. The one-time is non-renewable while the revolving L/C can be utilized continually until the expiry date or as long as the account shows the required performance.
IMPORT OF GOODS/SERVICES
We are engaged in financing the import need of our respected customers through:
- Letters of Credit (LC)
- Import Bills Collection (IBC) or Cash Against Document (CAD)
- Advance Payment (TT)
EXPORT OF GOODS/SERVICES
We are negotiating; advising and processing the export need of our respected customers through:
- Letters of Credit (LC)
- Cash Against Document (CAD)
- Advance Payment (TT)
- Consignment
