Avalisation of Bills of Exchange
Exporters may require a third party, usually a bank, to guarantee payment of a bill of exchange drawn on an importer under a trade contract. This action is known as an "avalisation" and can be provided on behalf of the exporter upon request. By endorsing the bill on the back, the bank commits itself unconditionally to pay should the drawee default.
An "avalised" bill substitutes the bank's risk for the importers risk thus providing the exporter with assurance that payment will be met.
Import Documentary Collections
Under documentary collections, your overseas suppliers present appropriate documentation to their bankers which are then forwarded to us to facilitate collection on their behalf. We ensure that you are advised promptly and that their instructions are carried out exactly as per their requirements. Different forms of financing can be arranged based on the presentation of appropriate documentation.