TRADE FINANCE PROGRAM
Trade Finance, Letters Of Credit, Import LC
Zenith, LLC assist commodity traders with a program that allow them to make use of our letter of credit and payment guarantee facilities. Our letters of credit assist importers and trading companies that want to expand their business and maximize the quantity of products they purchase from their suppliers.
How Zenith, LLC Assist Commodity Traders / Buyers With DLC Facilities:
A commodity trader who is regularly buying products from a supplier is required to open a letters of credit, or make a cash deposit. That means the buyer / trader will be using his own funds to either make a down payment or issue LC to the supplier before he/she actually receive the goods. When a buyers opens DLC through us they do not have to block their own money in favor of the supplier until their goods arrive to unloading port.
DLC validity varies, it can be 60 days, or 90 days from the date of issue. The longer the validity of LC the better to help the buyer fulfill more transactions before it expires. Instead of buyers blocking their funds in favor of the supplier it can be used finance other transactions.
We assist traders facilitate transactions. A trader who knows a buyer, and a seller for example. The buyer wants to pay cash against shipping documents, or when the goods arrive to unloading port. The trading company want to take advantage and arrange the goods and ship directly to the buyer.
The suppliers want a payment guarantee or LC before they ship the goods. We can help the trader open the Letter Of Credit through our company. With our LC the trading company do not have to block their own funds to complete the transaction. A trader can only process one deal at a time since he/she do not have to use their own funds to complete the deal.
, LC For Lease
, Letters Of Credit
, Payment Guarantee
, Trade Finance