In order to have the guarantee that international payments are made by an instrument with the highest degree of security, opt for the Letter of Credit. This is a firm banking commitment by which the Issuing Bank undertakes to make payment in favour of a Beneficiary when the terms and conditions of the Letter of Credit are strictly observed.
Firm bank commitment
Independence in relation to the basic contractual relationship, since the Letter of Credit is a transaction distinct from a sale
Safety given by the protection of the interests of all parties concerned